NEW YORK, September 21, 2022–(Business WIRE)–Two Harbors Expenditure Corp. (NYSE: TWO), an Company + MSR home finance loan actual estate financial commitment have faith in, announced these days that its Board of Directors has authorised frequent and most well-liked stock dividends for the third quarter of 2022 as well as a 1-for-4 reverse inventory split of the company’s widespread stock.
Third Quarter Common and Most popular Stock Dividends
Two Harbors declared a dividend of $.17 for every share of widespread stock for the 3rd quarter of 2022. The 3rd quarter dividend is payable on October 28, 2022 to common stockholders of document at the near of organization on Oct 3, 2022.
Two Harbors also declared these days the pursuing most popular stock dividends:
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a dividend of $.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Inventory
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a dividend of $.47656 per share of the 7.625% Collection B Cumulative Redeemable Favored Stock and
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a dividend of $.45313 for every share of the 7.25% Series C Cumulative Redeemable Favored Stock.
The Sequence A, Collection B and Sequence C chosen dividends are payable on October 27, 2022 to the applicable desired stockholders of document at the close of small business on Oct 12, 2022.
1-for-4 Reverse Stock Break up
The reverse inventory break up is expected to just take area on November 1, 2022 at 5:01 p.m. Jap Time (the “Helpful Time”). At the Efficient Time, every single four issued and outstanding shares of the company’s common inventory will be transformed into one share of typical inventory. In addition, the variety of authorized shares of typical inventory will be decreased from 700 million to 175 million. The par price of each share of common inventory will continue being unchanged. At marketplace open on November 2, 2022, the company’s frequent inventory will go on trading on the NYSE beneath the image “TWO” but will be assigned a new CUSIP variety. The company’s Board of Administrators believes that increasing the marketplace price per share of the company’s popular inventory through the reverse inventory break up may well broaden the variety of prospective investors, thus potentially improving the market place for and liquidity of the company’s typical inventory.
No fractional shares will be issued in connection with the reverse stock split. As a substitute, each and every stockholder of record keeping fractional shares will be entitled to acquire, in lieu of this sort of fractional shares, hard cash in an amount of money decided on the basis of the quantity weighted normal rate of the company’s typical inventory on the NYSE on November 1, 2022. The reverse inventory break up will implement to all of the company’s authorized and superb shares of prevalent inventory as of the Productive Time. Stockholders of file will be obtaining data from Equiniti Belief Organization, the company’s transfer agent, with regards to their stock possession subsequent the reverse inventory split and dollars in lieu of fractional share payments, if relevant. Stockholders who keep their shares in brokerage accounts are not necessary to acquire any action in relationship with the reverse stock split.
Ahead-Looking Statements
This press release features “ahead-seeking statements” in the that means of the safe and sound harbor provisions of the United States Personal Securities Litigation Reform Act of 1995, which include the one particular-for-four reverse stock split of Two Harbors popular inventory. True results may perhaps vary from expectations, estimates and projections and, consequently, readers should not depend on these forward-hunting statements as predictions of long term occasions. Text such as “be expecting,” “goal,” “suppose,” “estimate,” “project,” “spending plan,” “forecast,” “anticipate,” “intend,” “system,” “could,” “will,” “could,” “ought to,” “feel,” “predicts,” “possible,” “keep on,” and related expressions are intended to detect this kind of ahead-on the lookout statements. These ahead hunting statements entail important dangers and uncertainties that could lead to true effects to vary materially from anticipated final results.
Audience are cautioned not to put undue reliance on any forward-wanting statements, which speak only as of the date built. Two Harbors does not undertake or settle for any obligation to launch publicly any updates or revisions to any forward-wanting statement to mirror any transform in its anticipations or any transform in gatherings, problems or situation on which any these kinds of assertion is dependent. Supplemental facts about these and other chance aspects is contained in Two Harbors’ most modern filings with the Securities and Trade Commission. All subsequent composed and oral ahead hunting statements relating to Two Harbors or issues attributable to Two Harbors or any particular person.
Two Harbors Financial commitment Corp.
Two Harbors Expenditure Corp., a Maryland corporation, is a real estate financial commitment believe in that invests in residential home finance loan-backed securities, house loan servicing legal rights and other economic property. Two Harbors is headquartered in St. Louis Park, MN.
Further Facts
Stockholders of Two Harbors and other fascinated people may well locate added facts pertaining to the firm at www.twoharborsinvestment.com, at the Securities and Exchange Commission’s Web website at www.sec.gov or by directing requests to: Two Harbors Financial investment Corp., 1601 Utica Ave S., Suite 900, St. Louis Park, MN, 55416, phone 612-453-4100.
Look at supply variation on businesswire.com: https://www.businesswire.com/information/property/20220921005949/en/
Contacts
Paulina Sims, Senior Director, Trader Relations, Two Harbors Expenditure Corp., 612-446-5431, [email protected]