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 (REIT) focused on investing in, financing and managing Agency residential mortgage-backed securities (Agency RMBS), mortgage servicing rights (MSR), and other financial assets, which it collectively refers to as its target assets. Co. is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Co.'s portfolio includes assets that are primarily sensitive to changes in interest rates, prepayments and mortgage spreads, including but not limited to Agency RMBS, MSR and related hedging transactions.
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Preferreds: TWO.PRD, TWO.PRE, TWO.PRA, TWO.PRB, TWO.PRC
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Avg. Broker Rec.
  
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Hold (2.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: TWO Stock Forecast Based on Zacks ABR data; powered by Xignite |
