Latest news with #BillGreenberg
Business Wire
11 hours ago
- Business
- Business Wire
TWO Announces Second Quarter 2025 Common and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today declared a dividend of $0.39 per share of common stock for the second quarter of 2025. The second quarter dividend is payable on July 29, 2025 to common stockholders of record at the close of business on July 3, 2025. 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. "We remain tremendously excited about the opportunities available for mortgage companies like TWO, and our paired strategy of MSR and MBS specifically." Share 'The 13% reduction in the dividend this quarter is consistent with the reduction in our book value resulting from the contingency accrual of $198.9 million that we have deemed probable and estimable in connection with the ongoing litigation related to our internalization in 2020. The reduced dividend reflects our projected static returns in future quarters as we adjust our portfolio in light of this accrual,' stated Bill Greenberg, TWO's President and Chief Executive Officer. 'While this litigation remains ongoing and involves claims unrelated to the accrual that are not yet probable or estimable, we think lowering the dividend on a pro rata basis at this time is a prudent action and positions us to take advantage of future market opportunities. Most importantly, this dividend reduction does not reflect our positive momentum, and we remain tremendously excited about the opportunities available for mortgage companies like TWO, and our paired strategy of MSR and MBS specifically.' TWO also declared today the following preferred stock dividends for the second quarter of 2025: (1) The Series C Cumulative Redeemable Preferred Stock accrue dividends at a floating rate, as determined on each dividend determination date, equal to the Three-Month CME Term SOFR plus 0.26161% plus 5.011%. The Series A, Series B and Series C preferred dividends are payable on July 28, 2025 to the applicable preferred stockholders of record at the close of business on July 11, 2025. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
Yahoo
13-03-2025
- Business
- Yahoo
TWO Announces New Conversation Series Video
NEW YORK, March 13, 2025--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today announced the release of a new Conversation Series video titled, "The Relationship Between Risk and Leverage." In this Conversation, TWO's President and Chief Executive Officer, Bill Greenberg, and Chief Investment Officer, Nick Letica, talk about differences between risk measures like mortgage spread duration and leverage in a portfolio of MSR and Agency RMBS. This video, and the entire Conversation Series, can be found on our website at TWO's Conversation Series is designed to delve into topics of interest to investors. TWO plans to release Conversations videos on special topics in the REIT industry or specific to our company. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100. View source version on Contacts Margaret Karr, Head of Investor Relations, TWO, (612) 453-4080, Sign in to access your portfolio
Yahoo
24-02-2025
- Business
- Yahoo
TWO to Present at the 2025 RBC Capital Markets Global Financial Institutions Conference
NEW YORK, February 24, 2025--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, announced today that President and Chief Executive Officer, Bill Greenberg, is scheduled to present at the 2025 RBC Capital Markets Global Financial Institutions Conference being held on March 4, 2025. Mr. Greenberg will participate in a panel titled "The Outlook in Mortgage Finance," which is scheduled to begin at 3:20 pm ET. The panel presentation will be webcast and made available on the company's website at in the Investor Relations section under News & Events. The replay will be available until March 4, 2026. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100. View source version on Contacts Margaret Karr, Head of Investor Relations, TWO, (612) 453-4080, Sign in to access your portfolio
