Stinson Advises Two Harbors in $295 Million Public Offering of Series C Preferred Stock

Press Release

Stinson Leonard Street served as lead counsel to Two Harbors Investment Corp. (NYSE:TWO) in its $295 million public offering of 11,800,000 shares of its 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, for gross proceeds of approximately $295 million, before deducting the underwriting discount and other estimated offering expenses. Morgan Stanley & Co. LLC, UBS Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC, acted as joint book-running managers for the offering.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets. Two Harbors is headquartered in New York, New York, and is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P.

Attorneys included Steve Quinlivan, David Jenson, Bryan Pitko and Andrew Kuettel.

More information on the transaction is available at Two Harbors Investment Corp.'s website.

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