Two Harbors announces offering of 10M shares of common stock

Two Harbors Investment Corp. announced that it has commenced an underwritten public offering of 10M shares of its common stock. The company intends to use the net proceeds from the offering to purchase its target assets, including residential mortgage-backed securities, mortgage servicing rights and other financial assets, in each case subject to its investment guidelines and to the extent consistent with maintaining its real estate investment trust qualification, and for general corporate purposes. Goldman Sachs & Co., J.P. Morgan Securities, and Citigroup Global Markets are acting as joint book-running managers for the offering, and JMP Securities is acting as bookrunner for the offering.