Two Harbors Investment Corp. (TWO) announced that it has completed its public offering of 50 million shares of its common stock and issuance of an additional 7.5 million shares of common stock.
The company noted that the total offering of 57.5 million shares produced net proceeds of about $763 million, after deducting underwriting discounts and estimated offering expenses.
The company said it 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.
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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.