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Two Harbors Investment Corp., 7.25% Series C Fixed-to-Floating 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 7.25% until 1/27/2025 at which point it begins to float at 3 month Libor plus a spread of 5.011%

Ticker: TWO-C

Parent Ticker: TWO

OTC Grey Market Temporary Ticker: TWHHP

Issuance Date: 11/16/2017

1st Call Date: 01/27/2025

Maturity Date: None

Shares Issued: 10,000,000

Overallotment Shares: 1,650,000

Coupon: 7.25%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.453

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

Egan-Jones Rating: NR