Two Harbors Investment Corp. Announces Fourth Quarter 2019 Common and Preferred Stock Dividends
December 17 2019 - 4:17PM
Business Wire
Two Harbors Investment Corp. (NYSE: TWO), a leading
hybrid mortgage real estate investment trust, today declared a
dividend of $0.40 per share of common stock for the fourth quarter
of 2019. This dividend is payable on January 24, 2020 to common
stockholders of record at the close of business on December 31,
2019.
Two Harbors distributes common stock dividends based on its
current estimate of taxable earnings per common share, not GAAP
earnings. Taxable and GAAP earnings are expected to differ
principally because of differences in discount accretion and
premium amortization, certain non-taxable unrealized and realized
gain and losses on derivatives, and non-deductible general and
administrative expenses.
Preferred Stock Dividends
Two Harbors also declared today the following preferred stock
dividends:
- a dividend of $0.50781 per share of the 8.125% Series A
Cumulative Redeemable Preferred Stock;
- a dividend of $0.47656 per share of the 7.625% Series B
Cumulative Redeemable Preferred Stock;
- a dividend of $0.45313 per share of the 7.25% Series C
Cumulative Redeemable Preferred Stock;
- a dividend of $0.484375 per share of the 7.75% Series D
Cumulative Redeemable Preferred Stock; and
- a dividend of $0.46875 per share of the 7.50% Series E
Cumulative Redeemable Preferred Stock.
The Series A, Series B and Series C preferred dividends are
payable on January 27, 2020 to the applicable preferred
stockholders of record at the close of business on January 10,
2020. The Series D and Series E preferred dividends are payable on
January 15, 2020 to the applicable preferred stockholders of record
at the close of business on January 1, 2020.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real
estate investment trust that invests in residential mortgage-backed
securities, mortgage servicing rights and other financial assets.
Two Harbors is headquartered in New York, New York, and is
externally managed and advised by PRCM Advisers LLC, a wholly owned
subsidiary of Pine River Capital Management L.P. Additional
information is available at www.twoharborsinvestment.com.
Additional Information
Stockholders of Two Harbors and other interested persons may
find additional information regarding the company at the Securities
and Exchange Commission’s Internet site at www.sec.gov or by
directing requests to: Two Harbors Investment Corp., 575 Lexington
Avenue, Suite 2930, New York, NY 10022, telephone 612-629-2500.
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version on businesswire.com: https://www.businesswire.com/news/home/20191217005827/en/
Investors: Margaret Field, Investor Relations, Two Harbors
Investment Corp., 212-364-3663,
margaret.field@twoharborsinvestment.com
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