By ESPN.com news services Chicago Cubs chairman Tom Ricketts said Monday that the framework for a deal to renovate Wrigley Field, which was agreed to by the City of Chicago, will bring a World Series to a fan base that hasn’t seen a championship since 1908.
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Orko and Coeur Announce Election Report
By Business Wirevia The Motley Fool
Filed under: Investing
Orko and Coeur Announce Election Report
VANCOUVER, British Columbia & COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Orko Silver Corp. (“Orko”) (TSX-V: OK) (Frankfurt: OG3) (OTCUS: OKOFF) and Coeur d’Alene Mines Corporation (“Coeur”) (NYS: CDE) (TSX: CDM) are pleased to provide an update regarding the consideration to be received by Orko shareholders pursuant to the previously announced plan of arrangement (the “Arrangement”) whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the “Orko Shares”). As previously announced, the Arrangement was approved by Orko shareholders yesterday.
Orko and Coeur received an election report from Computershare Trust Company of Canada setting out the number of common shares of Coeur (the “Coeur Shares“), warrants to purchase Coeur Shares (the “Coeur Warrants“) and/or cash consideration that each Orko shareholder will be entitled to receive pursuant to the Arrangement, after proration, as follows:
- Orko shareholders who have elected or are deemed to have elected to receive the cash and share consideration will receive $0.70 cash, 0.0815 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held;
- Orko shareholders who have elected to receive the share consideration will receive 0.1118 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held; and
- Orko shareholders who have elected to receive the cash consideration will receive $0.74 cash, 0.0797 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held.
The cash consideration alternative was oversubscribed, and pursuant to the proration methodology established under the Arrangement, Orko shareholders who have elected to receive the cash consideration will receive the cash, Coeur Shares and Coeur Warrants as described above.
Pursuant to the Arrangement, Orko shareholders will receive total cash consideration of CAD$100 million, 11,572,918 Coeur Shares and 1,588,768 Coeur Warrants. Following the completion of the Arrangement, the current Orko shareholders will hold approximately 11% of the issued and outstanding Coeur Shares (prior to the exercise of the Coeur Warrants). The Coeur Warrants will trade under the symbol “CDE.WS” on the NYSE and “CDM.WT” on the TSX. Trading is expected to commence on April 17, 2013 on both exchanges.
Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction
From: http://www.dailyfinance.com/2013/04/11/orko-and-coeur-announce-election-report/
Two Harbors Investment Corp. Announces Certain Adjustments to its Warrants
By Business Wirevia The Motley Fool
Filed under: Investing
Two Harbors Investment Corp. Announces Certain Adjustments to its Warrants
NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced certain adjustments to the terms of its outstanding warrants as a result of its previously-announced special dividend of shares of Silver Bay common stock to Two Harbors stockholders of record as of April 2, 2013 (the “Silver Bay stock dividend”).
As previously announced, under the terms of the Warrant Agreement governing the warrants to purchase shares of the company’s common stock, the declaration of the Silver Bay stock dividend by the company triggered an adjustment to (1) the exercise price per share payable upon exercise of the warrants (previously, $11.00 per warrant share), and (2) the number of shares of company common stock issuable upon exercise of the warrants and payment of the exercise price therefore (previously, one share of common stock per warrant share exercised). As a result, the exercise price is now $10.25 per warrant share and, upon exercise of their warrants, warrant holders will receive 1.0727 shares of the company’s common stock for each warrant exercised.
The warrant adjustments will apply only to warrants outstanding as of the closing of business on April 2, 2013. As of April 2, 2013, approximately 4.8 million warrants remained outstanding. The warrants expire on November 7, 2013.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans and other financial assets. Two Harbors is headquartered in Minnetonka, Minnesota, and is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.
Additional Information
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 1400, Minnetonka, MN 55305, telephone 612-629-2500.
Investors:
Two Harbors Investment Corp.
July Hugen, 612-629-2514
Investor Relations
july.hugen@twoharborsinvestment.com
KEYWORDS: …read more
Source: FULL ARTICLE at DailyFinance
Two Harbors Investment Corp. Completes Public Offering of Common Stock
By Business Wirevia The Motley Fool
Filed under: Investing
Two Harbors Investment Corp. Completes Public Offering of Common Stock
NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced the completion of its public offering of 50,000,000 shares of its common stock and issuance of an additional 7,500,000 shares of common stock pursuant to the underwriters’ full exercise of their over-allotment option. The total offering of 57,500,000 shares produced net proceeds of approximately $763 million, after deducting underwriting discounts and estimated offering expenses.
The company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes.
Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers.
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights and other financial assets.
Cautionary Notice Regarding Forward-Looking Statements
This release may include statements and information that constitute “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are included in this statement for purposes of invoking these safe harbor provisions. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. The forward-looking statements made in this release include, but may not be limited to, expectations regarding the use of proceeds from the offering.
Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that …read more
Source: FULL ARTICLE at DailyFinance
Two Harbors Investment Corp. Announces Pricing of Common Stock Offering
By Business Wirevia The Motley Fool
Filed under: Investing
Two Harbors Investment Corp. Announces Pricing of Common Stock Offering
NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced that it has priced a public offering of 50,000,000 shares of its common stock at an offering price of $13.46 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $673.0 million. The company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of the company’s common stock to cover over-allotments, if any. The offering is expected to close on or about March 22, 2013.
The company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes.
Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers.
The offering will be made pursuant to the company’s existing shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission on May 18, 2012 (Commission File No. 333-180791). The offering will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting:
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Credit Suisse Securities (USA) LLC One Madison Avenue Attention: Prospectus Department <p …read more |
Two Harbors Investment Corp. Announces Public Offering of Common Stock
By Business Wirevia The Motley Fool
Filed under: Investing
Two Harbors Investment Corp. Announces Public Offering of Common Stock
NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced that it plans to offer, subject to market and other conditions, 50,000,000 shares of its common stock in an underwritten public offering. The company has also granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock to cover overallotments. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers.
The company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes.
The offering will be made pursuant to the company’s existing shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission on May 18, 2012 (Commission File No. 333-180791). The offering will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus, when available, may be obtained by contacting:
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Credit Suisse Securities (USA) LLC One Madison Avenue Attention: Prospectus Department or by telephone at (800) 221-1037 or by emailing |
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Two Harbors Investment Corp. Announces 2013 Annual Meeting of Stockholders
By Business Wirevia The Motley Fool
Filed under: Investing
Two Harbors Investment Corp. Announces 2013 Annual Meeting of Stockholders
NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp.(NYSE: TWO; NYSE MKT: TWO.WS) today announced that it will hold its 2013 Annual Meeting of Stockholders on May 21, 2013 at 1:00 p.m. CT at the Grand Hotel located at 612 2nd Ave S, Minneapolis, MN 55402. Stockholders of record as of the close of business on March 26, 2013, will be eligible to vote their shares and attend the annual meeting.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans and other financial assets. Two Harbors is headquartered in Minnetonka, Minnesota, and is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.
Additional Information
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 1400, Minnetonka, MN 55305, telephone 612-629-2500.
Investors:
Two Harbors Investment Corp.
July Hugen, Investor Relations
612-629-2514
july.hugen@twoharborsinvestment.com
KEYWORDS: United States North America Minnesota New York
INDUSTRY KEYWORDS:
The article Two Harbors Investment Corp. Announces 2013 Annual Meeting of Stockholders originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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Source: FULL ARTICLE at DailyFinance
Two Harbors Investment Corp. Subsidiary Named Federal Home Loan Mortgage Corporation Licensed Servic
By Business Wirevia The Motley Fool
Filed under: Investing
Two Harbors Investment Corp. Subsidiary Named Federal Home Loan Mortgage Corporation Licensed Servicer
NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) announced today that one of its wholly-owned subsidiaries received approval as a servicer under the Federal Home Loan Mortgage Corporation’s (“Freddie Mac“) home mortgage (1-4 unit) program. This approval allows the company to invest in Mortgage Servicing Rights (MSRs) on Freddie Mac loans.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans and other financial assets. Two Harbors is headquartered in Minnetonka, Minnesota, and is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.
Additional Information
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 1400, Minnetonka, MN 55305, telephone 612-629-2500.
Investors:
Two Harbors Investment Corp.
July Hugen, 612-629-2514
Investor Relations
july.hugen@twoharborsinvestment.com
KEYWORDS: United States North America Maryland Minnesota New York
INDUSTRY KEYWORDS:
The article Two Harbors Investment Corp. Subsidiary Named Federal Home Loan Mortgage Corporation Licensed Servicer originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
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Source: FULL ARTICLE at DailyFinance