Two Harbors Investment Corp. Announces Fourth Quarter 2012 Dividend of $0.55 per Share

Before you go, we thought you'd like these...
Before you go close icon

Two Harbors Investment Corp. Announces Fourth Quarter 2012 Dividend of $0.55 per Share

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today declared a quarterly dividend of $0.55 per share of common stock for the fourth quarter of 2012. This dividend is payable on January 18, 2013 to common stockholders of record at the close of business on December 31, 2012. The dividend is intended to distribute the remaining REIT taxable income earned during 2012 which includes taxable income derived from Two Harbors' contribution of its single family residential portfolio to Silver Bay Property Trust Corp. and from realized gains in the residential mortgage backed securities portfolio.

Because Two Harbors is a REIT, dividends declared in the last month of a calendar year with a record date in that calendar year, but which are payable in January of the following year, are considered paid for Form 1099 reporting purposes on the record date, not on the payable date, to the extent the REIT has any remaining undistributed earnings and profits (as computed for income tax purposes) as of December 31 of that calendar year.


Two Harbors distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings are expected to differ principally because of differences in discount accretion and premium amortization, certain non-taxable unrealized and realized gains and losses on derivatives, and non-deductible general and administrative expenses.

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, residential real properties and other financial assets. Two Harbors is headquartered in Minnetonka, Minnesota, and is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.

Additional Information

Stockholders and warrant holders of Two Harbors, and other interested persons, may find additional information regarding the company at the Securities and Exchange Commission's Internet site at www.sec.gov or by directing requests to: Two Harbors Investment Corp., 601 Carlson Parkway, Suite 150, Minnetonka, MN 55305, telephone 612-629-2500.

anImage


Investors:
Two Harbors Investment Corp.
July Hugen, 612-629-2514
Investor Relations
July.Hugen@twoharborsinvestment.com

KEYWORDS:   United States  North America  Minnesota  New York

INDUSTRY KEYWORDS:

The article Two Harbors Investment Corp. Announces Fourth Quarter 2012 Dividend of $0.55 per Share originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners