REIT firm Two Harbors Investment Corp. (TWO) Tuesday said it is offering 50 million of its shares at a price of $13.46 per share, which is to result in gross proceeds of approximately $673.0 million, excluding underwriting discount and commissions and estimated expense.
The proceeds from the offering, which is expected to close on or about March 22, are expected to be deployed towards making additional acquisitions of the firm's target assets and for other general corporate purposes.
The company further said it has granted the underwriters a 30-day option to purchase up to an additional 7.5 million shares to cover over-allotments if any.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.