RMBS

Two Harbors Investment Corp. Announces Retirement of Chief Financial Officer

Retrieved on: 
Monday, February 5, 2024
Construction & Property, Professional Services, REIT, Finance, Telephone, RMBS, Happiness, Security (finance), Suite, Trust, MSR, Harbor, Person

(NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today announced that Mary Riskey intends to retire from her position as Vice President and Chief Financial Officer of the company.

Key Points: 
  • (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today announced that Mary Riskey intends to retire from her position as Vice President and Chief Financial Officer of the company.
  • Two Harbors has initiated an external search for a new Chief Financial Officer, and Ms. Riskey plans to continue to serve in her role through August 1, 2024, or until a successor is appointed by the company.
  • “I would like to thank Mary for her many years of unwavering commitment, dedicated service, and outstanding contributions to Two Harbors,” stated Bill Greenberg, Two Harbors’ President and Chief Executive Officer.
  • As Mary embarks on a well-deserved retirement, I want to express my deep gratitude and wish her much happiness in the next chapter of her life.”
    Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Chimera Investment Corporation Announces Date of Fourth Quarter and Full Year 2023 Financial Results and Conference Call

Retrieved on: 
Tuesday, January 30, 2024
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, REIT, Banking, News, RMBS, Online shopping

If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com , click on News & Events, and complete the email notification form.

Key Points: 
  • If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com , click on News & Events, and complete the email notification form.
  • We are a publicly traded REIT that is primarily engaged in the business of investing directly or indirectly through our subsidiaries, on a leveraged basis, in a diversified portfolio of real estate assets, including mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate assets.
  • Please visit www.chimerareit.com for additional information about the Company.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240130320158/en/

Quarterly Review

Retrieved on: 
Tuesday, January 30, 2024
Bank of England, NDFT, Hope, Update, Public utility, ABS, Policy, Bank, NAV, RMBS, BBB, Fitch, Houthi movement, Bias, Risk, Environment, Optimism, Hamas, Fed, Politics, S&P, Weakness, Appetite, ECB, Growth

The Company announces that its quarterly review as at 31 December 2023 is now available, a summary of which is provided below.

Key Points: 
  • The Company announces that its quarterly review as at 31 December 2023 is now available, a summary of which is provided below.
  • The full quarterly review is available on the Company’s website at:
    It was a positive fourth quarter for most financial assets as investor sentiment was bolstered by the easing of inflationary pressures, optimism about forthcoming rate cuts by central banks and a potential economic ‘soft landing’.
  • After an initial period of weakness, the year ended with a powerful two-month rally in bond and equity markets.
  • During times such as these, when credit spreads compress, we tend to favour going up in quality rather than chasing yield.

Two Harbors Investment Corp. Announces 2023 Dividend Tax Information

Retrieved on: 
Wednesday, January 24, 2024
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, REIT, Accounting, Classification, MSR, Table, UBTI, RMBS, Harbor, Trust, Life insurance

Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, announced today the tax treatment of the company’s common stock and preferred stock dividends declared in 2023.

Key Points: 
  • Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, announced today the tax treatment of the company’s common stock and preferred stock dividends declared in 2023.
  • This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Two Harbors.
  • Stockholders should review the 2023 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below.
  • Accordingly, these common and preferred distributions were treated as 2023 distributions for tax purposes and reported on the 2023 Form 1099-DIV.

Angel Oak Capital Advisors Continues Success With ETF Platform as Angel Oak Income ETF Crosses $100 Million in Assets Under Management

Retrieved on: 
Wednesday, January 24, 2024
Professional Services, Finance, Consulting, Asset Management, Banking, Accounting, ETF, Traction, CARY, RMBS, Angel Oak, Growth

Angel Oak Capital Advisors LLC (Angel Oak), an investment management firm that specializes in value-driven structured credit, announced that the firm continues to find traction in its fast-growing exchange-traded fund platform with the Angel Oak Income ETF (NYSE: CARY) crossing $100 million in assets under management.

Key Points: 
  • Angel Oak Capital Advisors LLC (Angel Oak), an investment management firm that specializes in value-driven structured credit, announced that the firm continues to find traction in its fast-growing exchange-traded fund platform with the Angel Oak Income ETF (NYSE: CARY) crossing $100 million in assets under management.
  • The firm launched its first ETF in October 2022 and now has more than $220 million in assets across CARY and UYLD (Angel Oak UltraShort Income ETF, the firm’s short-duration credit ETF), and oversees approximately $350 million through its sub-advisory service.
  • With a moderate-duration profile, CARY serves as an income solution for advisers and institutions seeking access to the unique asset class of non-agency residential mortgage-backed securities in a highly liquid format.
  • The fund also provides exposure to other structured credit assets, including consumer asset-backed securities, collateralized loan obligations, and agency RMBS.

AG Mortgage Investment Trust, Inc. Announces Pricing of Public Offering of Senior Notes

Retrieved on: 
Tuesday, January 23, 2024
Construction & Property, REIT, Debt-to-GDP ratio, RBC Capital Markets, MITT, Convertible, RMBS, Prospectus, UBS, Acquisition, Egan-Jones Ratings Company, Note, Security (finance)

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has priced an underwritten public offering of $30 million aggregate principal amount of its 9.500% senior notes due 2029 (the “Notes”).

Key Points: 
  • AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has priced an underwritten public offering of $30 million aggregate principal amount of its 9.500% senior notes due 2029 (the “Notes”).
  • The offering is expected to close on January 26, 2024, subject to the satisfaction of customary closing conditions.
  • The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
  • The Convertible Notes can be redeemed at the Company's option on or after June 15, 2024 and mature on September 15, 2024.

Media Alert: Rambus to Announce Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Monday, January 15, 2024
Technology, Hardware, Semiconductor, Data Management, Silicon, Webcast, RMBS, ID, Rambus, Inc.

Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it will hold a conference call on Monday, February 5, 2024, at 2:00 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2023 results.

Key Points: 
  • Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it will hold a conference call on Monday, February 5, 2024, at 2:00 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2023 results.
  • This call will be webcast and can be accessed via Rambus' website at investor.rambus.com .
  • A replay will be available following the call on the Rambus Investor Relations website or for one week at the following numbers: (866) 813-9403 (domestic) or (+1) 929-458-6194 (international) with ID# 272129.

Angel Oak Capital Advisors Names Namit Sinha as Chief Investment Officer

Retrieved on: 
Friday, January 12, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, ETF, CARY, CFA, RMBS, Portfolio management, Angel Oak, CIO, Growth, Namets!

Angel Oak Capital Advisors, LLC (“Angel Oak”), announces that Namit Sinha, who served as co-CIO overseeing the firm’s private strategies, has been named CIO of Angel Oak Capital where he will lead the firm’s public and private investment strategies alongside Angel Oak Capital Co-CEO and Group CIO Sreeni Prabhu.

Key Points: 
  • Angel Oak Capital Advisors, LLC (“Angel Oak”), announces that Namit Sinha, who served as co-CIO overseeing the firm’s private strategies, has been named CIO of Angel Oak Capital where he will lead the firm’s public and private investment strategies alongside Angel Oak Capital Co-CEO and Group CIO Sreeni Prabhu.
  • Mr. Sinha has served as the Chief Investment Officer of the firm’s private strategies division since February 2020 and has more than 20 years of experience in fixed income products, specifically mortgage and structured credit.
  • “Namit will serve as an excellent CIO for Angel Oak Capital Advisors and brings valuable insight from the private strategies side that will be instrumental in leading the full investment management team and charting the investment landscape for 2024 and beyond,” said Prabhu.
  • “We’re extremely appreciative of Sam’s and Colin’s dedication to growing Angel Oak for more than a decade, as they’ve helped turn Angel Oak into a global leader in structured credit solutions,” said Prabhu.

Orchid Island Capital Announces Estimated Fourth Quarter 2023 Results, January 2024 Monthly Dividend and December 31, 2023 RMBS Portfolio Characteristics

Retrieved on: 
Wednesday, January 10, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Bank statement, RMBS, Trust, Holding company

Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of January 2024.

Key Points: 
  • Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of January 2024.
  • The Company intends to make regular monthly cash distributions to its holders of common stock.
  • The Company’s estimated total return on equity for the quarter ended December 31, 2023 was 6.1%.
  • Details of the RMBS portfolio as of December 31, 2023 are presented below.

KBRA Releases Research – European Securitisation: A Resurgent Market

Retrieved on: 
Monday, January 8, 2024
Banking, Professional Services, Finance, ABS, Growth, RMBS, KBRA, Research report, CLO

KBRA UK (KBRA) releases a research report on the European securitisation market in Q4 2023.

Key Points: 
  • KBRA UK (KBRA) releases a research report on the European securitisation market in Q4 2023.
  • European securitisation markets recorded a strong full-year 2023, with volumes increasing for both transactions sold to investors and those retained.
  • Securitisations sold to investors were bolstered by strong volumes from auto asset-backed securities (ABS) issuers.
  • This KBRA report provides insight into the transactions circulated into the European securitisation market, with a focus on those that were distributed to investors.