Two Harbors Investment Corp. Announces Fourth Quarter 2016 Dividend of $0.24 Per Share
Public Company Information:
NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp . (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today declared a quarterly dividend of $0.24 per share of common stock for the fourth quarter of 2016. This dividend is payable on January 27, 2017 to common stockholders of record at the close of business on December 30, 2016.
Two Harbors distributes 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 Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, 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.
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.