We have added further info on the assumption by TWO of CYS preferreds.
mREIT Two Harbors (NYSE:TWO) is going to acquire agency mREIT CYS Investment (NYSE:CYS).
TWO has 3 issues of fixed-to-floating rate preferreds outstanding and CYS has 2 fixed rate preferreds outstanding. Both CYS preferreds are trading below $25 at this time by a fair amount.
Both CYS preferreds will be “assumed” by TWO.