Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Two Harbors Investment 8.125% Series A 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 8.125% until 4/26/2027 at which point it floats at 3 month Libor plus a spread of 5.66%

Ticker: TWO-A

Parent Ticker: TWO

OTC Grey Market Temporary Ticker: TWHBP

Issuance Date: 03/07/2017

1st Call Date: 04/27/2027

Maturity Date: None

Shares Issued: 5,000,000

Overallotment Shares: 750,000

Coupon: 8.125%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.508

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

Fitch Rating: NR