TWO-A Two Harbors 8.125% Series A Fixed-to-Floating Rate Cumulative Preferred

Holders of Series A Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, April 27, 2027 at a fixed rate equal to 8.125% per annum of the $25.00 per share liquidation preference (equivalent to $2.03125 per annum per share) and (ii) from and including April 27, 2027, at a floating rate equal to three-month LIBOR plus a spread of 5.660% per annum. Dividends will be payable quarterly in arrears on the 27th day of April, July, October and January of each year, when and as declared, beginning on July 27, 2017 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series A Preferred Stock. On or after April 27, 2027, we may, at our option, redeem any or all of the shares of the Series A Preferred Stock at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date.  This security was issued by Two Harbors Investment Corp, whose common stock symbol is TWO.

$20.14  +0.13 (0.65%)
As of 03/27/2023 10:49:45 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  03/09/2017
Outstanding shares:  5,750,000
Average volume:  14,051
Market cap:   $115,287,500
Current dividend yield:  10.13%    calculation
Initial coupon rate:    8.125%
Spread to LIBOR: 0.056600
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   04/27/2027
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BYXYWC2