Two Harbors Investment declares higher share buy back of up to 25m shares of its common stock
Nov 15, 2012 (Menafn - M2 EQUITYBITES via COMTEX) --The board of directors of Two Harbors Investment Corp TWO (nyse mkt:TWO.WS), a real estate investment trust, authorised a buy back of up to to 25,000,000 shares of the company's common stock, up by 15,000,000 shares compared to the earlier programme, it disclosed on Wednesday.
The shares will be bought back regularly, via privately negotiated or open market transactions, under a trading plan as per Rules 10b5-1 and 10b-18 of the US Securities Exchange Act of 1934, as amended, or by any combination of such methods.
Also, the company said that how much stock will be bought, the time and price will be subject to many factors, such as market conditions and applicable US Securities and Exchange Commission rules, adding that it had 295,365,085 shares of issued and outstanding common stock as of 7 November 2012.
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