Two Harbors Investment Corp. Announces Completion of Transition to Self-Management
August 17 2020 - 4:15PM
Business Wire
Two Harbors Investment Corp. (“Two Harbors” or the
“Company”) (NYSE: TWO) announced today that it has completed its
transition to self-management following the termination of its
Management Agreement with PRCM Advisers LLC on August 14, 2020. As
previously disclosed, the Company terminated the Management
Agreement for “cause” in accordance with Section 15(a) of the
Management Agreement. No termination fee was payable to PRCM
Advisers in connection with such termination.
The Company has directly hired its strong and experienced senior
management team along with the other personnel who have
historically provided services to Two Harbors. The Company has also
completed the transition of the functions necessary to continue to
operate its business without interruption.
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 Minnetonka, Minnesota. 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 SEC’s
website at www.sec.gov or by directing requests to: Two Harbors
Investment Corp., 601 Carlson Parkway, Suite 1400, Minnetonka, MN
55305, telephone 612-453-4100.
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version on businesswire.com: https://www.businesswire.com/news/home/20200817005464/en/
Investors: Margaret F. Karr, Investor Relations, Two Harbors
Investment Corp., 612-446-5431,
margaret.karr@twoharborsinvestment.com
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