Core Viewpoint - Two Harbors Investment Corp. (TWO) has experienced a significant decline in share price, losing 10.9% over the past month, which is notably worse than the industry's decline of 2.8% [1] Price Performance - TWO is a Real Estate Investment Trust (REIT) that invests in residential mortgage-backed securities (RMBS) and mortgage loans, offering attractive long-term returns with a high dividend yield of 15.50%, compared to the industry average of 10.13% [2][9] Financial Impact of Interest Rates - The company's financials have been negatively affected by high interest rates, leading to increased borrowing costs and a net interest loss for the nine months ending September 30, 2024 [4] - The book value per share decreased from $15.06 in 2023 to $14.93 in 2024 due to spread risk associated with high rates [5] Rate Cuts and Market Conditions - The Federal Reserve's recent interest rate cuts, including a 25 basis point reduction, are expected to lower mortgage rates, which could improve housing affordability and increase demand in the mortgage market [5][6][7] - More interest rate cuts are anticipated in 2025, which should enhance TWO's net interest spread and portfolio book value [8] Investment Portfolio - TWO's investment portfolio is primarily composed of RMBS with mortgage servicing rights (MSR), providing less exposure to mortgage spread changes while benefiting from spread tightening [12] - The company focuses on maximizing value from MSR assets and is enhancing its portfolio with additional revenue and hedging options [13] Valuation Metrics - From a valuation perspective, TWO's stock is trading at a 12-month trailing price-to-book (P/B) ratio of 0.77, which is below the industry average of 0.86 and lower than peers NLY and AGNC [16] Dividend Considerations - The company has a history of reducing dividends during challenging times, with a 13.33% decline in payouts over the past five years [18]

Core Viewpoint - T2 Metals Corp has received a new drill permit for the Sherridon copper-gold-zinc project, allowing for expanded drilling activities until July 2027, which supports the company's exploration strategy and aligns with Manitoba's Critical Minerals Strategy [2][5]. Group 1: Drill Permit and Project Overview - The new drill permit enables T2 Metals to conduct drilling over a broader area compared to the previous permit granted in 2023, facilitating the proposed 2025 drill program and future programs until July 2027 [2][4]. - The Sherridon project is located in the Flin Flon - Snow Lake Greenstone Belt of Manitoba, known for its significant mining and exploration history, with year-round road access and proximity to the mining center of Flin Flon [3]. Group 2: Recent Drilling Activities - T2 Metals completed a fall 2024 drilling program that tested high-grade copper and gold mineralization at the Cold and Lost prospects, with plans to include the Bob and Park prospects in future drilling [4][5]. - The company aims to follow up on historic mineral resources and explore regional targets that have not been previously drilled [5]. Group 3: Historical Mineral Resource Estimates - An NI 43-101 Technical Report released on November 1, 2024, summarizes historical mineral resource estimates from five unmined deposits within 8 km of each other, including the Park, Jungle, Bob, Cold, and Lost prospects [8]. - The total indicated historical mineral resources amount to approximately 6,552,800 tonnes with an average copper grade of 0.85%, zinc grade of 1.22%, and gold grade of 0.37 g/t [9]. Group 4: Community and Industry Engagement - T2 Metals has expressed gratitude to the Kiciwapa Cree and Mathias Colomb Cree Nations for their support in obtaining permits, highlighting the importance of community relationships in the exploration process [5]. - The company participated in the Central Canada Mineral Exploration Convention (CCMEC), where discussions focused on sustainable mining and the importance of critical minerals like copper, zinc, and nickel for Manitoba's economy [7].

Core Viewpoint - T2 Metals Corp. has filed an independent Technical Report for the Sherridon copper-zinc-gold project, highlighting its potential and historical mineral resource estimates [1][2][12]. Company Overview - T2 Metals Corp. is focused on enhancing shareholder value through exploration and discovery in under-explored areas, including the Sherridon project [16]. Project Details - The Sherridon project is located in the Flin Flon – Snow Lake Greenstone Belt, known for its significant mining and exploration history, with year-round road access and proximity to an operational train line [3][12]. - The Technical Report complies with the Canadian Securities Administrators' National Instrument 43-101 standards [2]. Historical Mineral Resource Estimates - The Technical Report summarizes historical mineral resource estimates from five unmined deposits: Park, Jungle, Bob, Cold, and Lost prospects, all within 8 km of each other [4]. - Aggregate historical mineral resource estimates include: - **Indicated Resources**: - Open Pit: 5,317,000 tonnes at 0.80% copper, 1.23% zinc, 0.34 g/t gold, and 7.2 g/t silver - Underground: 1,235,800 tonnes at 1.04% copper, 1.18% zinc, 0.48 g/t gold, and 8.2 g/t silver - Total Indicated: 6,552,800 tonnes at 0.85% copper, 1.22% zinc, 0.37 g/t gold, and 7.4 g/t silver [5] - **Inferred Resources**: - Open Pit: 12,240,000 tonnes at 0.62% copper, 0.77% zinc, 0.26 g/t gold, and 5.3 g/t silver - Underground: 3,620,000 tonnes at 0.91% copper, 1.08% zinc, 0.32 g/t gold, and 7.4 g/t silver - Total Inferred: 15,860,000 tonnes at 0.68% copper, 0.84% zinc, 0.28 g/t gold, and 5.8 g/t silver [5]. Future Exploration Potential - The project has over 25 km of strike length at surface, indicating excellent opportunities for additional discoveries [12].

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Two Harbors Investment Corp. (NYSE: TWO ), a popular mortgage real estate investment trust, or mREIT, and one that we follow, is very sensitive to moves in interest rates. So, we had our first interest rate cut from the Federal ReservePay yourself dividends with outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Our prices go up November 1st, but right now we have a big sale on the current price. Join NOW an ...

Two Harbors Investment Corp. (NYSE:TWO) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President and CEO Nick Letica - Chief Investment Officer William Dellal - Interim Chief Financial Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Jason Stewart - Janney Rick Shane - JPMorgan Trevor Cranston - Citizens JMP Eric Hagen - BTIG Harsh Hemnani - Green Street Operator Please stand by. Good morning. ...

two An MSR-Focused REIT Third Quarter 2024 Earnings Call Presentation October 29, 2024 118 1 HIJ Safe Harbor Statement 2 FORWARD-LOOKING STATEMENTS This presentation of Two Harbors Investment Corp., or TWO, 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 statemen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34506 | --- | --- | |-----------------------------------------------------------------------------------------------------|------------------------------------------| | ...

Two Harbors Investments (TWO) reported $-42.29 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 14.6%. EPS of $0.13 for the same period compares to -$0.01 a year ago. ...

TWO Reports Third Quarter 2024 Financial Results Mortgage Performance Drives Positive Quarterly Return with Stable MSR Spreads NEW YORK, October 28, 2024 - TWO (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused real estate investment trust (REIT), today announced its financial results for the quarter ended September 30, 2024. Quarterly Summary • Reported book value of $14.93 per common share, and declared a third quarter common stock dividend of $0.45 per share, representing a 1.3% quarterly economic ...