TWO-C Two Harbors Investment Corp 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Cumulative cash dividends (i) from and including the original issue date to, but excluding, January 27, 2025 at a fixed rate equal to 7.25% per annum of the $25.00 per share liquidation preference (equivalent to $1.8125 per annum per share) and (ii) from and including January 27, 2025, at a floating rate equal to three-month LIBOR plus a spread of 5.011% 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 January 27, 2018 (short first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series C Preferred Stock.  This security was issued by Two Harbors Investment Corp, whose common stock symbol is TWO.

$25.07  -0.06 (-0.22%)
As of 10/20/2021 16:00:02 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:  11/17/2017
Outstanding shares:  11,800,000
Average volume:  29,116
Market cap:   $296,416,000
Current dividend yield:  7.21%    calculation
Initial coupon rate:    7.250%
Spread to LIBOR: 0.050110
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   01/27/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    90187B507
ISIN:        US90187B5075
Sedol:      BFNL297

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