Two Harbors Investment Corp. (TWO) Monday said it plans to offer 50 million common shares in an underwritten public offering. The company has also granted the underwriters an option for 30 days to purchase up to an additional 7.5 million common shares to cover over allotments.
The company expects to use the 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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