Two Harbors Investment Corp : Two Harbors Investment Corp. Reports second quarter 2016 financial results . Qtrly reported core earnings of $0.22 per weighted average common share . Qtrly GAAP net loss $0.05 per weighted share . Qtrly reported comprehensive income $0.35 per weighted average common share outstanding .Qtrly reported book value of $9.83 per common share, 3.7% total return, accounting for a dividend of $0.23/share.
Two Harbors Investment Corp : Two harbors investment corp. Announces plan to discontinue mortgage loan conduit and securitization business . Company expects to incur one-time charges of approximately $3 million in second half of 2016 in connection with closure . Wind down process is expected to be substantially completed by end of 2016 . Decision to discontinue made due to challenging market environment, combined with intent to reduce operating complexity,costs .Expects cessation of conduit,securitization activities to reduce ongoing operating expenses by about $10-$11 million on annual basis.