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Stock impact report

Two Harbors Investment Corp. Announces Company Update and Suspension of First Quarter 2020 Common and Preferred Stock Dividends

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 hybrid mortgage real estate investment trust (REIT), today announced that the Company has suspended both its first quarter 2020 common stock and preferred stock dividends to preserve liquidity and long-term stockholder value.“The Board of Directors, together with management, has come to the difficult decision to suspend our first quarter 2020 dividends, as a result of the volatile market conditions related to the COVID-19 pandemic,” stated Thomas Siering, Two Harbors’ President and Chief Executive Officer. “We believe this is a prudent part of managing our liquidity, which is the most important objective for our business in these uncertain times. That being said, we have satisfied our margin calls received to date under our financing arrangements.”The Board of Directors will evaluate the Company’s ability to pay dividends in future quarters based upon customary considerations, including Show less Read more
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