Mortgage REIT Two Harbors Investment (TWO) has announced the potential purchase of up to 5 million shares of the company’s preferred stock in open market transactions.
As has been discussed on this site mREIT preferreds have been rocked hard by rising interest rates.
TWO has 3 issues of preferred stock outstanding–those issues can be seen here. These issues have over 25 million shares outstanding in total.
Denard and I spotted this one.