Two Harbors Investment Corp. Announces Completion of Reverse Stock Split
02 November 2022 - 12:30PM
Business Wire
Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR
mortgage real estate investment trust, today announced the
completion of its previously announced one-for-four reverse stock
split of the outstanding shares of the company’s common stock (the
“Reverse Stock Split”). The Reverse Stock Split reduced the number
of outstanding shares of the company’s common stock from
approximately 345 million shares to approximately 86 million
shares. In addition, the number of authorized shares of the
company’s common stock was also reduced on a one-for-four basis,
from 700 million to 175 million. The par value of each share of
common stock remained unchanged.
Two Harbors’ common stockholders are encouraged to consult their
financial advisors and tax advisors regarding the consequences of
the Reverse Stock Split, including the applicability and effect of
any U.S. federal, state, local or foreign tax laws.
Additional information regarding the Reverse Stock Split,
including answers to frequently asked questions, is available on
the company’s website at www.twoharborsinvestment.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Actual results
may differ from expectations, estimates and projections and,
consequently, readers should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“target,” “assume,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believe,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ
materially from expected results.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Two Harbors does not undertake or accept any obligation to release
publicly any updates or revisions to any forward-looking statement
to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based.
Additional information concerning these and other risk factors is
contained in the company’s most recent filings with the Securities
and Exchange Commission. All subsequent written and oral
forward-looking statements concerning the company or matters
attributable to the company or any person.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real
estate investment trust that invests in residential mortgage-backed
securities, mortgage servicing rights and other financial assets.
Two Harbors is headquartered in St. Louis Park, MN.
Additional Information
Stockholders of Two Harbors and other interested persons may
find additional information regarding the company at
www.twoharborsinvestment.com, at the Securities and Exchange
Commission’s Internet site at www.sec.gov or by directing requests
to: Two Harbors Investment Corp., 1601 Utica Avenue South, Suite
900, St. Louis Park, MN 55416, telephone (612) 453-4100.
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version on businesswire.com: https://www.businesswire.com/news/home/20221101006303/en/
Paulina Sims, Senior Director, Investor Relations, Two Harbors
Investment Corp., (612) 446-5431,
Paulina.Sims@twoharborsinvestment.com.
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