Two Harbors Investment Series C Preferred Shares Cross 8.5% Yield Threshold

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IDuring Thursday’s session, Two Harbors Investment Corp’s 7.25% Cumulative Fixed-to-Floating Rate Series C Redeemable Preferred Shares (ticker: TWO.PRC) were trading above the 8.5% mark on the basis of its quarterly dividend (annualized at $1.8125), with shares changing hands as low as $20.92 on the day. That compares to an average return of 7.26% in the Real Estate preferred stock category, according to Preferred Stock Channel. As of last close, TWO.PRC was trading at a discount of 12.40% to its preferred liquidation amount, compared to an average discount of 8.44% in the “Real Estate” category.

The graph below shows the one-year performance of TWO.PRC shares, compared to TWO:

Below is a historical dividend chart for TWO.PRC, showing historical dividend payments on Two Harbors Investment Corp Series C 7.25% Cumulative Fixed-Floating Rate Redeemable Preferred Shares:

TWO.PRC+Dividend+Historical+Chart

In Thursday’s trading, Two Harbors Investment Corp’s Series C 7.25% Cumulative Fixed-to-Floating Rate Redeemable Preferred Share (ticker: TWO.PRC) is currently down about 3.2% on the day. , while ordinary shares (symbol: TWO) are deactivated. about 3.6%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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