Two Harbors Investment Corp. Expects Portfolio Impact of GSE Announcement to be Negligible
NEW YORK, February 11, 2010 – Two Harbors Investment Corp. (“Two Harbors”) (NYSE Amex: TWO; TWO.WS) announced today that it expects a negligible impact on the Company’s portfolio from the announcement on February 10, 2010 by Freddie Mac and Fannie Mae that they plan to purchase delinquent loans out of guaranteed pools of Residential Mortgage-Backed Securities.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that focuses on investing in residential mortgage-backed securities. Additional information is available at www.twoharborsinvestment.com.
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Factors that could cause actual results to differ include unanticipated market reactions to the announcement by Fannie Mae and Freddie Mac referenced above.
Two Harbors cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Two Harbors does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Two Harbors’ most recent filings with the Securities and Exchange Commission (“SEC”). All subsequent written and oral forward looking statements concerning Two Harbors or matters attributable to Two Harbors or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
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 330, Minnetonka, MN 55305, telephone 612-238-3300.
Media: Patrick Clifford or Pen Pendleton, The Abernathy MacGregor Group, 212-371-5999.
Investors: Anh Huynh, Investor Relations, Two Harbors Investment Corp., 612-238-3