Two Harbors Investment Corp. Announces Second Quarter 2017 Common and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today declared a quarterly dividend of $0.26 per share of common stock for the second quarter of 2017. This dividend is payable on July 27, 2017 to common stockholders of record at the close of business on June 30, 2017.
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.
Two Harbors also declared today a quarterly dividend of $0.75043 per share of the 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on July 27, 2017 to preferred stockholders of record at the close of business on July 12, 2017.
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,
commercial real estate 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., 590 Madison
Avenue, 36th floor, New York, NY 10022, telephone
612-629-2500.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170615006257/en/
Two Harbors Investment Corp.
Investors:
Tim Perrott,
612-629-2514
Senior Director of Investor Relations
tim.perrott@twoharborsinvestment.com
Source: Two Harbors Investment Corp.
Released June 15, 2017
