Two Harbors Investment Corp. Announces Pricing of Common Stock Offering

Two Harbors Investment Corp. Announces Pricing of Common Stock Offering

NEW YORK--(BUSINESS WIRE)-- 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.

About Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights and other financial assets.

Cautionary Notice Regarding Forward-Looking Statements

This release may include statements and information that constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are included in this statement for purposes of invoking these safe harbor provisions. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. The forward-looking statements made in this release include, but may not be limited to, expectations regarding the timing of closing the offering and the use of proceeds from the offering.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks identified under the captions "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our public filings with the SEC, which are available on the SEC's website at www.sec.gov.

All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.



Investors:
Two Harbors Investment Corp.
July Hugen, Investor Relations
612-629-2514
july.hugen@twoharborsinvestment.com

KEYWORDS:   United States  North America  Minnesota  New York

INDUSTRY KEYWORDS:

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