Two Harbors Investment Corp. Announces Third Quarter 2017 Common and Preferred Stock Dividends
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 $0.26 per share of common stock for the third quarter of 2017. This dividend is payable on October 27, 2017 to common stockholders of record at the close of business on September 29, 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 $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on October 27, 2017 to preferred stockholders of record at the close of business on October 12, 2017.
Two Harbors also declared today a quarterly dividend of $0.51892 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock. The dividend is payable on October 27, 2017 to preferred stockholders of record at the close of business on October 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 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.