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Two Harbors Investment 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Preferred stock dividend reinstated 4/2020

Dividend suspended 3/2020 because of asset damage caused by Covid 19.

Coupon is fixed at 7.625% until 7/27/2027 at which point it floats at 3 month Libor plus a spread of 5.352%

Ticker: TWO-B

Parent Ticker: TWO

OTC Grey Market Temporary Ticker: NA

Issuance Date: 07/12/2017

1st Call Date: 07/27/2027

Maturity Date: None

Shares Issued: 10,000,000

Overallotment Shares: 1,500,000

Coupon: 7.625%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.477

Payment Months: JAN, APR, JUL, OCT

Payment Day: 27

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR