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Two Harbors Investment Corp. Buyback

OLI recorded this information on 2/2/2016

Company: Two Harbors Investment Corp.
Buyback: TWO buyback
Share Amount Authorized: 50,000,000
Buyback Details: Two Harbors Investment Corp. (NYSE:TWO) announced today that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock pursuant to its ongoing share repurchase program. The shares are expected to be repurchased from time to time through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended, or by any combination of such methods. The manner, price, number and timing of share repurchases will be subject a variety of factors, including market conditions and applicable U.S. Securities and Exchange Commission rules. The additional authorization does not have an expiration date and repurchases may be commenced or suspended at any time without prior notice.

Two Harbors Investment is a holding company. Through its subsidiaries, Co. operates as a real estate investment trust focused on investing in, financing and managing Agency residential mortgage-backed securities (Agency RMBS), mortgage servicing rights (MSR), and other financial assets, which Co. collectively refers to as its target assets. Co. acquires and manages an investment portfolio of its target assets, which include the following: Agency RMBS, meaning RMBS whose principal and interest payments are guaranteed by the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage; MSR; and other financial assets.

TWO SEC Filing Email Alerts Service

Preferreds: TWO.PRA, TWO.PRB, TWO.PRC


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Company Name: 
Two Harbors Investment Corp
Stock buyback: 
TWO buyback
Website: 
www.twoharborsinvestment.com
Sector: 
REITs
Number of ETFs Holding TWO: 
55
Total Market Value Held by ETFs: 
$578.77M
Total Market Capitalization: 
$2.07B
% of Market Cap. Held by ETFs: 
28.00%
 

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Hold (2.20 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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