Two Harbors Investment Corp. (TWO) is scheduled to report third-quarter 2024 results on Oct. 28, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this real estate investment trust (REIT), which focuses on investing in financing, and managing residential mortgage-backed securities and mortgage loans posted earnings available for distribution per share of 17 cents, significantly beating the Zacks Consensus Estimate of 2 cents. Net inter ...

. T2 Metals Completes Summer/Fall Drill Phase at Sherridon, Manitoba, and Earns 80% Interest in Project October 03, 2024 8:00 AM EDT | Source: T2 Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2" or the "Company") is pleased to announce the completion of the summer/fall phase of core drilling at the Sherridon copper-gold project in the Flin Flon - Snow Lake District of west-central Manitoba. A total of 2,180 metres i ...

JamesBrey Not a day goes by without another article anecdotally describing the experiences of investors and financial advisors concluding that interest rates are finally declining and now might be the time to transfer reserves from money markets to lock in high yields still available from bonds. Yesterday's report from the Bureau of Labor Statistics revealed that the Producer Price Index increased an innocuous 0.1% in July and that immediately set tongues wagging about how large a cut the Fed would make at ...

An MSR + Agency REIT Second Quarter 2024 Earnings Call JULY 31, 2024 Safe Harbor Statement FORWARD-LOOKING STATEMENTS This presentation 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," " ...

Two Harbors Investment Corp. (NYSE:TWO) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Maggie Karr - Head of IR William Greenberg - President and CEO Mary Riskey - CFO Nicholas Letica - CIO Conference Call Participants Doug Harter - UBS Trevor Cranston - Citizens JMP Bose George - KBW Jason Weaver - Jones Trading Eric Hagen - BTIG Operator Good morning. My name is Melissa, and I will be your conference facilitator. At this time, I would like to welcome everyone to Two Harbors ...

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: June 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 INVESTMENT CORP. (Exact Name of Registrant as Specified in Its Charter) Maryland 27-0312904 (State or Other Jurisdiction of Incorporation or Organization) ...

NEW YORK, July 30, 2024 - Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust (REIT), today announced its financial results for the quarter ended June 30, 2024. • Reported book value of $15.19 per common share, and declared a second quarter common stock dividend of $0.45 per share, representing a flat quarterly economic return on book value. For the first six months of 2024, generated a 5.8% total economic return on book value. (1) • Repurchased $10.0 million principa ...

Company Overview - Two Harbors Investment Corporation specializes in agency residential mortgage-backed securities (RMBS), which constitute 62% of its balance sheet, and mortgage servicing rights (MSR), making up 23% of its asset base [6][31] - As of March 31, 2024, the company has a portfolio valued at $14.7 billion [7] Performance and Returns - The Series B 7.625% preferred shares have significantly outperformed the iShares Preferred and Income Securities ETF (PFF) in 2024, delivering a low double-digit total return compared to the mid-single-digit return of the benchmark ETF [6][33] - The Series B shares offer an approximate 8.27% dividend yield and a capital appreciation potential of 8.46% to par value, which is higher than the Series A shares [30][33] Dividend Coverage - In Q1 2024, the company paid $11.8 million in cumulative preferred dividends, representing only 5.8% of its $203.6 million net income before preferred distributions [26] - The company has maintained strong preferred dividend coverage over the past few years, with coverage ratios of 2.35 times based on equity market capitalization of $1.46 billion [31] Leverage and Debt Ratios - The company has leveraged its common equity 8.25 times, with an economic debt-to-equity ratio of 6.0 when accounting for agency-to-be-announced securities [19][30] - The preferred shares are well-covered by shareholders' equity adjusted for preferred shares, standing at $1.6 billion [31] Interest Rate and Mortgage Spread Exposure - The company is well-hedged against interest rate exposure, with a potential portfolio impact of only -0.2% to -0.3% from a 0.25% move in rates [27] - A 5.3% increase in mortgage spreads could negatively affect the portfolio by 5.3% [27] Outlook on Monetary Policy - The Federal Reserve is projected to lower rates to 3.75-4.00% by July 2025, which would likely enhance the value of RMBS held by the company [36] - The company expects to benefit from lower interest rates through reduced rates on its repurchase agreements, which are tied to the secured overnight financing rate (SOFR) [39]

Two Harbors Investment Corp. (NYSE:TWO) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Maggie Karr - Head of IR William Greenberg - President and CEO Mary Riskey - CFO Nicholas Letica - CIO Conference Call Participants Doug Harter - UBS Trevor Cranston - JMP Securities Bose George - KBW Jason Weaver - Jones Trading Rick Shane - JPMorgan Eric Hagen - BTIG Operator Good morning. My name is Jennifer and I will be your conference facilitator. At this time, I'd like to welcome ev ...

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: March 31, 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 INVESTMENT CORP. (Exact Name of Registrant as Specified in Its Charter) Maryland 27-0312904 (State or Other Jurisdiction of Incorporation or Organization) ...