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TWO'A

TWO HARBORS INVESTMENT CORP. · Series A · REIT - Diversified
Also quoted as: TWO-A, TWOprA, TWO.PRA, TWO-PA, TWOpA
$25.03
last price

About this security

TWO'A is a 8.125% cumulative perpetual preferred stock issued by TWO HARBORS INVESTMENT CORP., a REIT - Diversified issuer. $25 liquidation preference, current yield 8.12%, callable from 2027-04-27.

TWO HARBORS INVESTMENT CORP.: Two Harbors Investment Corp. is a Maryland-based, internally managed real estate investment trust (REIT) founded in 2009 that invests in, finances, and manages mortgage servicing rights (MSR) and Agency residential mortgage-backed securities (RMBS). Its Agency RMBS holdings are backed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, or government agencies such as Ginnie Mae. Through its operational platform, RoundPoint Mortgage Servicing LLC, the company is one of the largest servicers of conventional mortgage loans in the United States. The company's strategy centers on managing interest rate and prepayment risk across its combined MSR and RMBS portfolio to generate more stable returns across varying market conditions.

Issuer page — all TWO HARBORS INVESTMENT CORP. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 12:29:25 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
8.12%
Annual Dividend
$2.0312
Recent Market Price
$25.03
as of 2026-07-31
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
−$0.03 (-0.1%)
Recent Ex-Date
2026-07-10
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
8.125%
Call Date
2027-04-27
Yield to Call
7.96%
Yield to Worst
7.96%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No — Limited change-of-control conversion
Conversion Ratio
5.3821
Floating Rate
3-mo LIBOR + 5.660%
Pay Dates
April 27, July 27, October 27, January 27
Shares Offered (original)
5,000,000 +750,000 OA
Issued
2017-03-14
Series
A
Alt. Symbology
TWO-A, TWOprA, TWO.PRA, TWO-PA, TWOpA

vs. REIT - Diversified category (121 issues): yield 8.12% vs avg 8.16% · discount +0.1% vs avg -14.1%

Quote

 TWO'A (preferred)TWO (common)
Last $25.03 $12.34
Change
Open$25.03$12.35
High / Low $25.05 / $25.03 $12.37 / $12.32
Prev Close
Volume16,834936,788
52-Week High / Low $25.46 / $22.80 $14.17 / $8.78

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

TWO'A TWO (common)

Dividend History

Ex-DateAmount / Share
2026-07-10$0.507810
2026-04-10$0.507810
2026-01-12$0.507810
2025-10-10$0.507810
2025-07-11$0.507810
2025-04-11$0.507810
2025-01-10$0.507810
2024-10-11$0.507810
2024-07-12$0.507810
2024-04-11$0.507810
2024-01-11$0.507810
2023-10-11$0.507810

Performance — $10K Calculator

See what an investment in TWO'A would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for TWO'A →

Prospectus (SEC 424B5)

We are offering 5,000,000 shares of our 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, or the Series A Preferred Stock.

Use of proceeds: Net proceeds will be used for general corporate purposes (per the Use of Proceeds section); specific allocation not detailed in the provided text.

Full Prospectus (SEC filing) →

Other Securities from TWO HARBORS INVESTMENT CORP.

SymbolTypeCouponPriceYield
TWO'B preferred 7.625% 25.01 7.62%
TWO'C preferred 7.250% 25.04 9.56%

News — TWO HARBORS INVESTMENT CORP.

Issuer news via Tiingo — filtered to stories about TWO.

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