Added to YB: 2026-06-23
Pitch date: 2026-06-19
TWO [neutral]
Two Harbors Investment Corp.
Author Info
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Company Info
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States.
Market Cap
$1.3B
Pitch Price
N/A
Price Target
N/A
Dividend
11.04%
EV/EBITDA
N/A
P/E
-3.24
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
special_situation
$TWO: the board is telling you to take the lower bid
TWO (overview): Mortgage REIT in contested merger vote June 23. Board backs CCM's $12.00 all-cash; UWMC counters $12.50 (cash or 2.3328 shares) but board won't endorse. Stock ~$12.30, above recommended deal. ~$1.3B cap. Risk: CCM approval caps at $12, UWMC cash unassured (25-30% miss election), no deal if voted down. Watch vote, ISS/Glass Lewis, sweetened bids.
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