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Two Harbors Investment is a mREIT focused on agency mortgage-backed securities and mortgage servicing rights. The company's preferred dividends remain well-covered by both recurring income and common shareholders' equity. The Series A and B preferred shares are a Buy thanks to more attractive yields by July 2027 and a significant par value discount.
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2" or the "Company") is pleased to announce results from the Q1 2025 drill program at the Sherridon Volcanogenic Massive Sulphide ("VMS") project in central western Manitoba. Sherridon is a well-known VMS camp in the Flin Flon - Snow Lake Greenstone Belt, with both a significant mining history and five near surface copper-rich historical resources (see Table 3, 4 and 5 and Press Release dated November 1 2024).
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2" or the "Company") provides an update regarding the wildfire situation in the vicinity of its Sherridon copper-gold-zinc Project located near Flin Flon, Manitoba. The Company is actively monitoring the evolving wildfire situation in the region.
Two Harbors' new TWOD baby bond offers a 9.375% yield but carries below single-B credit risk. Two Harbors has underperformed both its sector and the S&P 500, raising concerns despite recent management changes and analysts' optimism. Interest coverage for TWOD is currently decent, but sector and fixed-income comparisons suggest better alternatives exist from healthier companies.
We take a look at the action in preferreds and baby bonds through the second week of May and highlight some of the key themes we are watching. Preferred stocks saw gains as sector spreads tightened, and Treasury yields stabilized, with average yields just below 7%. Two Harbors plans to list a 9.325% 2030 bond, offering an attractive yield relative to its preferreds.
NEW YORK--(BUSINESS WIRE)---- $TWO #TWO--TWO Announces Details Pertaining to the 2025 Annual Meeting of Stockholders.
NEW YORK--(BUSINESS WIRE)---- $TWO #TWO--TWO Announces Pricing of Public Offering of Senior Notes.
Two Harbors Investment Corp.'s share price crashed in April, but has since shown signs of a profound recovery. Two Harbors Investment's portfolio includes $3.0B in mortgage servicing rights, which may decline in value as federal fund rates decline. A heavy MBS focus should help the REIT's securities revalue higher once the Federal Reserve pushes ahead with rate cuts.
We take a look at the action in preferreds and baby bonds through the fourth week of April and highlight some of the key themes we are watching. Preferred stocks had a strong week, driven by lower Treasury yields and credit spreads, with the sector average yield now below 7%. Evaluating preferreds requires forward yield analysis due to varying payment terms and potential shifts in coupon.