Two Harbors Investment Corp. 8.125% Series A, Fixed to Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Sold      3/7/2017

Shares Issued    5,000,000   Overallotment Shares   750,000

S&P Rating   NR   Moodys Rating   NR


Security Ticker Symbol     TWO-A      OTC Grey Market     TWHBP

Market Traded ON   NYSE

Dividend Payment Paid on the 27th of January, April, July and October beginning on 7/27/2017

Quarterly Dividend   .508   Annual Dividend   2.0312

Securities may be redeemed, at the issuers option, as early as 4/27/2027 for a redemption price of $25/share plus accrued dividends.


Coupon is fixed at 8.125% until 4/26/2027 after which it floats at 5.66% plus 3 month Libor.

Dividend Payment Will NOT be a Qualified Distributions (REIT Preferred Share dividends are not Qualifying Dividends)

Maturity Date   None


Company Investor Relations Page for Two Harbors Investment Corp.

Click Here to find the offering Prospectus and/or Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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