Two Harbors Investment Corp. Announces Pricing of 50M Share Offering at $10.44
Two Harbors Investment Corp. (NYSE: TWO) today announced that it has priced a public offering of 50,000,000 shares of its common stock at an offering price of $10.44 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $522.0 million.
The company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of the company's common stock to cover over-allotments, if any. The offering is expected to close on or about July 18, 2012.
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