NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO) announced today that it has commenced an underwritten public offering of 18,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of its common stock. The company intends to use the net proceeds from the offering to purchase its target assets, including residential mortgage-backed securities, mortgage servicing rights and other financial assets, in each case subject to its investment guidelines and to the extent consistent with maintaining its real estate investment trust qualification, and for general corporate purposes.

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) today announced that it has priced a public offering of 20,000,000 shares of its common stock at an offering price of $10.40 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $208 million. The Company has granted the underwriters an option for 30 days up to an additional 3,000,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or about May 31, 2011.

UBS has increased its bonus pool by 10% for 2025 as the bank nears completion of its Credit Suisse integration following the government-brokered rescue two years ago. The larger payout reflects financial performance, integration progress and competitive market considerations, according to the bank's annual report. CEO Sergio Ermotti's total compensation remained unchanged at CHF 14.9 million ($19.1 million), including CHF 12.1 million in variable pay and a CHF 2.5 million base salary, which has stayed constant since 2011. The investment banking division drove stronger results, with operating profit rising 34% last year, partly boosted by market volatility linked to US tariffs. Some investment banking units saw bonus pools increase up to 20%. Meanwhile, UBS faces potential additional capital requirements of up to $26 billion from Swiss regulators.