A couple of weeks after suspending all dividends (common and preferreds) mREIT Two Harbors Investment (TWO) announced reinstatement of their dividends.
On 3/24 the company announced the suspension.
On 3/25 they announced the sale of their non-agency residential mortgage portfolio to reduce risk and potential margin calls.
Last Friday they had an update and made no mention of the reinstatement.
With todays announcement the company is stating $1.2 billion in unrestricted cash–guess the folks are pretty damned smart.
Disclosure–I owned a modest position in TWO-D 7.75% perpetual which I bought last week and sold on the early pop of $3-4/share this morning. I expect to repurchase at lower levels.