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Security Details
- Coupon Rate
- 9.38%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 5/15/2027
- Maturity Date
- 8/15/2030
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 2.34375
- Distribution Dates
- 2/15, 5/15, 8/15 & 11/15
- Credit Ratings
- Moody's NR · S&P NR (5/7/2025)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 90187B887
- IPO
- 5/6/2025 · $25/share
- Parent Company
- Two Harbors Investment Corp (TWO*)
Business: Two Harbors Investment Corp 9.375% Senior Notes due 2030 redeemable at the issuer's option on or after 05/15/2027 at $25 per note plus accrued and unpaid interest, and maturing 08/15/2030. <p> Interest distributions of 9.375% per annum ($2.34375 per annum or $0.5859375 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be the 1st of February, May, August, and November, respectively (NOTE: the ex-dividend date is the record date).
<p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB by Egan-Jones Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: July 2, 2026 -- Two Harbors Investment Corp., NYSE: TWO, an MSR-focused REIT, today announced, based on the preliminary vote count, that its common stockholders voted to approve the previously announced merger with CrossCountry Mortgage, LLC (“CCM”) at the reconvened Special Meeting of Stockholders held on July 2, 2026. Pursuant to the CCM Merger Agreement, at the effective time of the CCM transaction, each outstanding share of TWO common stock, par value $0.01 per share, will be converted into the right to receive $12.00 per share in cash, without interest. In addition, TWO common stockholders will receive a pro-rated stub dividend for the portion of the quarter in which the closing occurs, calculated based on TWO’s most recent quarterly dividend and the number of days elapsed in the quarter through and including the day prior to closing. Holders of TWO’s Series A, Series B and Series C preferred stock will have their shares redeemed following the closing of the CCM transaction at $25.00 per share, plus any accumulated and unpaid dividends, in accordance with the terms of the preferred stock.
Company Contact
- CEO
- William Greenberg
- CFO
- William Dellal
- Headquarters
- 1601 Utica Avenue South, Suite 900 , St. Louis Park, MN
- Phone
- 612-453-4100
- Fax
- 612-629-2501
- Investor Relations
- Margaret Karr · 212-364-3663 · margaret.field@twoharborsinvestment.com