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Two Harbors Investment Corp., 7.25% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock

By: ,

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

Investor Relations page for Two Harbors Investment Corporation

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