Floating Rate Preferred Stocks
By Preferred Stock Channel Staff, updated Mon, April 29, 3:30 AM
#43 . Two Harbors Investment Corp | 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:TWO.PRC ) | 7.81% CURRENT YIELD
Discount to Liquidation Preference: -7.12% Average Discount in Category: -16.23%
Current Annualized Yield: 7.81% Average Yield in Category: 8.04% Days Since Last Ex-Div Date: 14 | See Dividend History » Categorization: Real Estate
Series: C Alternate symbology: TWO-C, TWO-PC, TWOprC Redeemable?: Yes Call Date: 1/27/2025 Perpetual?: Yes Cumulative?: Yes Shares Offered: 11,000,000 Overallotment: 1,650,000 Liquidation Preference: $25.00 Recent Market Price: $23.27 Discount to Liquidation Preference:(More Preferreds Trading at a Discount » ) $-1.73 (-6.92%) Annualized Dividend: 1.81252 Recent Ex-Date: 4/11/2024 Current Yield: 7.79% Original Coupon: 7.25% Fixed until 1/27/2025, then a floating rate equal to three-month LIBOR plus a spread of 5.011% per annum Pay Period: Quarterly Pay Dates: 27-Jan, 27-Apr, 27-Jul, 27-Oct CDx3 Compliance Rating:
Learn TWO.PRC's Rating
Two Harbors Investment is a holding company. Through its subsidiaries, Co. operates as a real estate investment trust (REIT) focused on investing in, financing and managing Agency residential mortgage-backed securities (Agency RMBS), mortgage servicing rights (MSR), and other financial assets, which it collectively refers to as its target assets. Co. is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Co.'s portfolio includes assets that are primarily sensitive to changes in interest rates, prepayments and mortgage spreads, including but not limited to Agency RMBS, MSR and related hedging transactions. Preferreds: TWO.PRD , TWO.PRE , TWO.PRA , TWO.PRB , TWO.PRC
Open the TWO Information Page »
Name:
Two Harbors Investment Corp
Website:
www.twoharborsinvestment.com
Sector:
REITs
Number of ETFs Holding TWO:
50 (see which ones )
Total Market Value Held by ETFs:
$362,648,827.08
Total Market Capitalization:
$1,199,000,000
% of Market Cap. Held by ETFs:
30.25%
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