Two Harbors Investment Corporation Series B 7.625% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 7/12/2017
Shares Issued 10,000,000 Overallotment Shares 1,150,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol TWO-B OTC Grey Market TWHBP
Market Traded ON NYSE
Dividend Payment Paid on the 27th of January, April, July and October beginning on 10/27/2017
Quarterly Dividend .476 Annual Dividend 1.906
Securities may be redeemed, at the issuers option, as early as 07/27/2027 the call price is $25 plus accrued dividends
Beginning 7/27/2027 the coupon will float at the rate of 3 month Libor plus a fixed base of 5.352%
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
Connect with Tim McPartland