Two Harbors Investment Corp . (NYSE: TWO; NYSE MKT: TWO.WS) today announced that it has priced a public offering of 50,000,000 shares of its common stock at an offering price of $13.46 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $673.0 million. The company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of the company’s common stock to cover over-allotments, if any. The offering is expected to close on or about March 22, 2013.
The company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes.
Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers.
The offering will be made pursuant to the company’s existing shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission on May 18, 2012 (Commission File No. 333-180791). The offering will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting:
|Credit Suisse Securities (USA) LLC One Madison Avenue New York, New York 10010 Attention: Prospectus Department or by telephone at (800) 221-1037 or by emailing firstname.lastname@example.org||Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (888) 603-5847 or by emailing email@example.com|
|BofA Merrill Lynch 222 Broadway New York, NY 10038 Attention: Prospectus Department or by emailing firstname.lastname@example.org||Goldman Sachs & Co. 200 West Street New York, NY 10282 Attention: Prospectus Department Telephone: (866) 471-2526 Facsimile: 212-902-9316 or by emailing email@example.com|
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