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Stock impact report

Two Harbors Investment Corp. Announces Company Update

Two Harbors Investment Corp (TWO) 
Last two harbors investment corp earnings: 2/5 04:17 pm Check Earnings Report
US:NYSE Investor Relations: investor.twoharborsinvestment.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO, the “Company”), a leading residential mortgage real estate investment trust, today provided the following updates with respect to its business, through the close of business on April 3, 2020.As a result of our portfolio management decisions in recent weeks, our liquidity position remains quite strong. We continue in our efforts to be prudent risk managers and are confident that we will continue to be in a position to meet margin calls in the ordinary course of our business.Previously we reported that we completed the sale of substantially all of our non-Agency portfolio; subsequent to that, we have sold additional non-Agency securities reducing that exposure to a de minimis level. With the disposition of this position, we have eliminated the risk of outsized margin calls and ongoing funding concerns associated with the significant widening on these assets.The repo markets for Agency RMBS continue to function well Show less Read more
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