Two Harbors Investment Corp. Announces Pricing Of Common Stock Offering

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

newyork.prospectus@credit-suisse.com
       

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (888) 603-5847

or by emailing

barclaysprospectus@broadridge.com
 
 

BofA Merrill Lynch

222 Broadway

New York, NY 10038

Attention: Prospectus Department

or by emailing

dg.prospectus_requests@baml.com

Goldman Sachs & Co.

200 West Street

New York, NY 10282

Attention: Prospectus Department

Telephone: (866) 471-2526

Facsimile: 212-902-9316

or by emailing

prospectus-ny@ny.email.gs.com
 

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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