Two Harbors Investment Corp. Announces Conversion Rate Adjustment for Its Convertible Senior Notes Due 2022
December 30 2019 - 4:15PM
Business Wire
Two Harbors Investment Corp. (NYSE: TWO), a leading
hybrid mortgage real estate investment trust, today announced an
adjustment to the conversion rate for the company’s 6.25%
convertible senior notes due 2022 (the “Notes”). This conversion
rate adjustment is being made pursuant to the supplemental
indenture governing the Notes as a result of the company’s
previously announced fourth quarter 2019 common stock cash dividend
of $0.40 per common share. Effective immediately after the close of
business on December 31, 2019, the new conversion rate for the
Notes will be 63.2040 shares of common stock per $1,000 principal
amount of the Notes. Currently, the conversion rate for the Notes
is 63.1793 shares of common stock per $1,000 principal amount of
the Notes. Notice of the conversion rate adjustment was delivered
to holders of the Notes and Bank of New York Mellon Trust Company,
N.A., as trustee, in accordance with the terms of the supplemental
indenture governing the Notes.
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/20191230005250/en/
Investors: Margaret Field, Investor Relations, Two Harbors
Investment Corp., 212-364-3663,
margaret.field@twoharborsinvestment.com
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