Two Harbors plans to redeem series D, series E preferred stock

Chicago, Feb. 4 – Two Harbors Investment Corp. announced that it will redeem all of the outstanding shares of the company’s 7.75% series D cumulative redeemable preferred stock (NYSE: TWOPrD) and 7.5% series E cumulative redeemable preferred stock (NYSE: TWOPrE), according to a press release.

The redemption is $25.00 per share plus unpaid dividends up to, but not including, the March 15 redemption date.

Two Harbors, a Maryland corporation with headquarters in Minnetonka, Minn., is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.