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Two Harbors Investment Corp. Announces First Quarter 2024 Common and Preferred Stock Dividends

Business Wire
·2-min read

NEW YORK, March 20, 2024--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today declared a dividend of $0.45 per share of common stock for the first quarter of 2024. The first quarter dividend is payable on April 29, 2024 to common stockholders of record at the close of business on April 4, 2024. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment.

Two Harbors also declared today the following preferred stock dividends:

  • a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock;

  • a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and

  • a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock.

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The Series A, Series B and Series C preferred dividends are payable on April 29, 2024 to the applicable preferred stockholders of record at the close of business on April 12, 2024.

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. Two Harbors is headquartered in St. Louis Park, MN.

Additional Information

Stockholders of Two Harbors and other interested persons may find additional information regarding the company at www.twoharborsinvestment.com, at the Securities and Exchange Commission’s internet site at www.sec.gov or by directing requests to: Two Harbors Investment Corp., 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240320998844/en/

Contacts

Margaret Karr, Head of Investor Relations, Two Harbors Investment Corp., 612-453-4080, margaret.karr@twoharborsinvestment.com.