Two Harbors Investment Corporation Series B 7.625% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

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


Click Here for the prospectus for this offering


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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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