TWO-B Stock Summary and Trading Ideas (Two Harbors Investments Corp 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | NYSE:TWO-B)

10,000,000 shares of our 7.625% Series B 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 B Preferred Stock. Holders of Series B Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, July 27, 2027 at a fixed rate equal to 7.625% per annum of the $25.00 per share liquidation preference (equivalent to $1.90625 per annum per share) and (ii) from and including July 27, 2027, at a floating rate equal to three-month LIBOR plus a spread of 5.352% per annum. Dividends will be payable quarterly in arrears on the 27th day of April, July, October and January of each year, when and as declared, beginning on October 27, 2017 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series B Preferred Stock. The Series B Preferred Stock is not redeemable by us prior to July 27, 2027, except under circumstances where it is necessary to preserve our qualification as a real estate investment trust, or REIT, for U.S. federal income tax purposes and except as described below upon the occurrence of a Change of Control (as defined herein). On or after July 27, 2027, we may, at our option, redeem any or all of the shares of the Series B Preferred Stock at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date. In addition, upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series B Preferred Stock within 120 days after the first date on which such Change of Control occurred at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date. The Series B Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by us or converted into shares of our common stock, par value $0.01 per share, or our common stock, in connection with a Change of Control by the holders of Series B Preferred Stock.

Two Harbors Investments Corp 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock trades on the NYSE stock market under the symbol TWO-B.

As of April 19, 2024, TWO-B stock price climbed to $21.97 with 9,959 million shares trading.

TWO-B has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

In the last 3 years, TWO-B stock traded as high as $26.49 and as low as $16.21.

TWO-B has outperformed the market in the last year with a price return of +24.4% while the SPY ETF gained +21.2%. However, in the short term, TWO-B had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.4% vs +4.3% return in SPY. But in the last 2 weeks, TWO-B shares have fared better than the market returning -3.3% compared to SPY -3.5%.

TWO-B support price is $21.56 and resistance is $22.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TWO-B stock will trade within this expected range on the day.