Two Harbors Investment Corp., 7.25% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 11/16/2017
Shares Issued 11,000,000 Overallotment Shares 1,650,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol TWO-C OTC Grey Market TWHHP
Market Traded ON NYSE
Dividend Payment Paid on the 27th of January, April, July and October beginning on 1/27/2018
Quarterly Dividend .453 Annual Dividend 1.813
Securities may be redeemed, at the issuers option, as early as 01/27/2025 the call price is $25 plus accrued dividends
Beginning 1/27/2025 the coupon will float at the rate of 3 month Libor plus a fixed base of 5.011%
Dividend Payment will NOT be Qualified Distributions. Dividends paid on preferred stocks of REITs are NOT qualified dividends for preferential tax treatment.
Maturity Date None
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