TWO-B Two Harbors Investments Corp 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Quarterly cumulative dividends, in arrears, on April 27, July 27, October 27 and January 27. From and including the original issue date to, but excluding, July 27, 2027, at a fixed rate equal to 7.625% per annum of the $25.00 liquidation preference ($1.90625 per annum per share), and from and including July 27, 2027 at a floating rate equal to three-month LIBOR plus a spread of 5.352% per annum. The issuer may redeem the shares on or after July 27, 2027 at a price of $25 per share plus unpaid dividends.  This security was issued by Two Harbors Investment Corp, whose common stock symbol is TWO.

$18.90  0.00 (0.00%)
As of 03/24/2023 00:00:00 EST     IEX book   CBOE book

---

Security Information

---

Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  07/13/2017
Outstanding shares:  11,500,000
Average volume:  16,189
Market cap:   $247,940,000
Current dividend yield:  8.84%    calculation
Initial coupon rate:    7.625%
Spread to LIBOR: 0.053520
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   07/27/2027
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:      BYZBR93