Two Harbors Revamps Equity Offering and Sales Strategy

Two Harbors (TWO) has released an update.

Two Harbors Investment Corp. has updated its at-the-market equity offering program with a new prospectus supplement, following a fresh shelf registration. The company also amended its Equity Distribution Agreement, under which shares may be sold directly on the stock exchange or through a market maker. The placement agent handling the sales will receive up to 2% in commissions and is indemnified by Two Harbors against certain liabilities. This move could potentially make an impact on Two Harbors’ stock availability and investment opportunities in the market.

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