TWO dividend history

TWO Board Continues to Delay, Extending Poor Governance and Oversight UWMC Is Open to Changes or Enhancements to Its Proposal Through Open Engagement with TWO UWM Holdings Corporation ("UWMC" or the "Company") (NYSE:UWMC), today issued an open letter to the stockholders of Two Harbors Investment Corp. ("Two Harbors" or "TWO") (NYSE:TWO) regarding the TWO Board's continued efforts to salvage TWO's inferior proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"), despite having twice held meetings that failed to secure stockholder approval for the proposed CCM transaction. Full text of the letter follows below. An Open Letter to the Stockholders of Two Harbors Inv

TWO Board Continues to Ignore Will of Stockholders and Conducts Delay Tactics Instead of Engaging with UWMC on its Offer That Provides Higher Value than CCM's Best and Final UWM Holdings Corporation ("UWMC" or the "Company") (NYSE:UWMC), today issued a statement regarding the second adjournment of the special meeting of the stockholders of Two Harbors Investment Corp. ("Two Harbors" or "TWO") (NYSE:TWO) to vote on TWO's proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"). The statement reads as follows: "Today's second adjournment demonstrates unequivocally that TWO stockholders understand what their Board refuses to acknowledge: engagement with UWMC is the only

TWO Board Continues to Unanimously Recommend Stockholders Vote "FOR" the Pending CrossCountry Transaction The Special Meeting of Stockholders Will Reconvene on May 28, 2026 at 10:00 a.m. Eastern Time Stockholders Who Previously Voted in Favor of the CCM Transaction Need Take No Action TWO ((Two Harbors Investment Corp., NYSE:TWO), an MSR-focused REIT, today adjourned its Special Meeting of Stockholders in order to provide additional time for the Company to solicit additional proxies and for stockholders to vote in favor of TWO's acquisition by CrossCountry Intermediate Holdco, LLC, a Delaware limited liability company and an affiliate of CrossCountry Mortgage, LLC ("CCM"). Stockholder

UWMC's Superior Proposal Offers TWO Stockholders More Value, More Certainty and More Optionality All Three Independent Proxy Advisors – ISS, Glass Lewis and Egan-Jones – Recommend Stockholders Vote AGAINST the CrossCountry Deal TWO Board Has Refused to Engage Constructively with UWMC and Has Failed to Conduct a Value-Maximizing Process for Stockholders It is Not Too Late for TWO Stockholders to Change Their Vote UWM Holdings Corporation ("UWMC") (NYSE:UWMC), today urged all stockholders of Two Harbors Investment Corp. ("Two Harbors" or "TWO") (NYSE:TWO) to VOTE AGAINST the CrossCountry Mortgage ("CCM") merger proposal on UWMC's BLUE proxy card in connection with the special meeting

TWO Board Using Smoke and Mirrors to Distort Relative Value of CCM Offer The TWO Board Can Only Maximize Value by Truly Engaging with UWMC UWM Holdings Corporation ("UWMC" or the "Company") (NYSE:UWMC), today issued a statement in response to this morning's announcement by Two Harbors Investment Corp. ("Two Harbors" or "TWO") (NYSE:TWO) and CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"). The TWO Board has refused to engage with UWMC on its May 11 proposal to acquire Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock, and continues to affirm its support for getting its stockholders a lower cash value under its proposed merger with CrossCountry: "TWO's latest

Represents a $0.70 Per Share Increase and 21% Premium to Unaffected Share Price(1) TWO's Board of Directors Continues to Unanimously Recommend Voting FOR the Transaction with CrossCountry TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, and CrossCountry Intermediate Holdco, LLC, an affiliate of CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"), today announced the signing of an amendment to their merger agreement (the "amended agreement"), increasing the per-share all cash consideration payable to TWO stockholders to $12.00 per share, an increase from $11.30 per share under the previous merger agreement. "Throughout this process, our Board of Directors has remaine

Pending CrossCountry Transaction Provides Compelling and Certain Cash Value to All TWO Stockholders TWO Board Unanimously Rejects UWMC's Revised Unsolicited Proposal and Finds It Is Not in the Best Interests of All TWO Stockholders Due to Significant Closing and Business Risks, Including: UWMC has not provided committed financing, which is a necessary condition to completing a transaction UWMC's contradictory public statements undermine its credibility and call into question its intent and rationale for entering a transaction in which it expects no synergies and no meaningful increase in public float UWMC's own statements and actions have exacerbated employee attrition risks for

Amended Agreement Follows Thorough Review of Unsolicited Competing Proposal New Terms Include an Increase in the Per-Share Cash Consideration to $11.30 Special Meeting of TWO Stockholders Scheduled for May 19, 2026 TWO's Board of Directors Recommends Stockholders Vote FOR of the Transaction with CrossCountry TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, and CrossCountry Intermediate Holdco, LLC, an affiliate of CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"), today announced the signing of an amendment to the previously announced merger agreement, dated March 27, 2026, under which CCM will acquire all outstanding shares of TWO common stock in an all-ca

TWO Stockholders to Receive $10.80 Per Share in Cash TWO Terminates Prior Agreement with UWM Holdings Corporation TWO ((Two Harbors Investment Corp., NYSE:TWO), an MSR-focused REIT and one of the largest servicers of conventional mortgages in the country through its wholly-owned subsidiary RoundPoint Mortgage Servicing LLC, and CrossCountry Intermediate Holdco, LLC, an affiliate of CrossCountry Mortgage, LLC ("CrossCountry" or "CCM") today announced that they have entered into a definitive merger agreement pursuant to which CrossCountry will acquire all of the outstanding shares of TWO common stock for $10.80 per share in cash. This press release features multimedia. View the full rele

TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, today declared a dividend of $0.34 per share of common stock for the first quarter of 2026. The first quarter dividend is payable on April 15, 2026 to common stockholders of record at the close of business on April 2, 2026. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. As previously disclosed, TWO has entered into a merger agreement with UWM Holdings Corporation (UWMC) pursuant to which UWMC will acquire TWO in an all-stock transaction, which is expected to close in the

TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, announced today the tax treatment of the company's common stock and preferred stock dividends declared and recorded in 2025. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by TWO. Stockholders should review the 2025 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual ta

TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, today declared a dividend of $0.34 per share of common stock for the fourth quarter of 2025. The fourth quarter dividend is payable on January 29, 2026 to common stockholders of record at the close of business on January 5, 2026. As previously disclosed, TWO has entered into a merger agreement with UWM Holdings Corporation (UWM) pursuant to which UWM will acquire TWO in an all-stock transaction, which is expected to close in the second quarter of 2026. Prior to the closing of the merger, TWO intends to pay regular quarterly dividends in the ordinary course consistent with past practice for all completed quarterly periods. T

Transaction will extend UWM's leading industry positioning by expanding its servicing portfolio and capabilities, creating an even more profitable and resilient business UWM Holdings Corporation ("UWMC") (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), the #1 overall mortgage lender in America, and Two Harbors Investment Corp. ("TWO") (NYSE:TWO), an MSR-focused REIT and one of the largest servicers of conventional mortgages in the country through its wholly-owned subsidiary RoundPoint Mortgage Servicing LLC ("RoundPoint"), today announced that they have entered into a definitive merger agreement pursuant to which UWM will acquire TWO in an all-stock tr

Announces Resolution of Litigation and Third Quarter 2025 Common and Preferred Stock Dividends TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, today provided a business update regarding the resolution of pending litigation and its third quarter 2025 common and preferred stock dividends. Resolution of Pine River Litigation The company has entered into a settlement agreement, dated as of August 20, 2025, resolving all claims in its litigation with PRCM Advisers LLC, Pine River Capital Management L.P., and Pine River Domestic Management L.P. (collectively, "Pine River"). Pursuant to the settlement agreement, the company has agreed to make a one-time cash payment o

  TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, today declared a dividend of $0.39 per share of common stock for the second quarter of 2025. The second quarter dividend is payable on July 29, 2025 to common stockholders of record at the close of business on July 3, 2025. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. "The 13% reduction in the dividend this quarter is consistent with the reduction in our book value resulting from the contingency accrual of $198.9 million that we have deemed probable and estimable in c

TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, today declared a dividend of $0.45 per share of common stock for the first quarter of 2025. The first quarter dividend is payable on April 29, 2025 to common stockholders of record at the close of business on April 4, 2025. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. TWO also declared today the following preferred stock dividends for the first quarter of 2025: Series of Preferred Stock Ticker Per Annum Dividend Rate Dividend Per Share 8.125% Series A Cumu

TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, announced today the tax treatment of the company's common stock and preferred stock dividends declared in 2024. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by TWO. Stockholders should review the 2024 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequence

TWO ((Two Harbors Investment Corp, NYSE:TWO), an MSR-focused REIT, today declared a dividend of $0.45 per share of common stock for the fourth quarter of 2024. The fourth quarter dividend is payable on January 29, 2025 to common stockholders of record at the close of business on January 3, 2025. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. TWO also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of

Two Harbors Investment Corp. (NYSE:TWO), an MSR + Agency RMBS REIT, today declared a dividend of $0.45 per share of common stock for the third quarter of 2024. The third quarter dividend is payable on October 29, 2024 to common stockholders of record at the close of business on October 1, 2024. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per shar

Two Harbors Investment Corp. (NYSE:TWO), an MSR + Agency RMBS real estate investment trust, today declared a dividend of $0.45 per share of common stock for the second quarter of 2024. The second quarter dividend is payable on July 29, 2024 to common stockholders of record at the close of business on July 5, 2024. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a divide

Two Harbors Investment Corp. (NYSE:TWO), an MSR + Agency RMBS real estate investment trust, today declared a dividend of $0.45 per share of common stock for the first quarter of 2024. The first quarter dividend is payable on April 29, 2024 to common stockholders of record at the close of business on April 4, 2024. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a divide

Two Harbors Investment Corp. (NYSE:TWO), an MSR + Agency RMBS real estate investment trust, announced today the tax treatment of the company's common stock and preferred stock dividends declared in 2023. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Two Harbors. Stockholders should review the 2023 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR real estate investment trust, today declared a dividend of $0.45 per share of common stock for the fourth quarter of 2023. The fourth quarter dividend is payable on January 29, 2024 to common stockholders of record at the close of business on January 12, 2024. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a divi

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR real estate investment trust, today declared a dividend of $0.45 per share of common stock for the third quarter of 2023. The third quarter dividend is payable on October 27, 2023 to common stockholders of record at the close of business on October 3, 2023. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividen

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.45 per share of common stock for the second quarter of 2023. The second quarter dividend is payable on July 28, 2023 to common stockholders of record at the close of business on July 5, 2023. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a di

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.60 per share of common stock for the first quarter of 2023. The first quarter dividend is payable on April 28, 2023 to common stockholders of record at the close of business on April 4, 2023. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock. The Serie

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, announced today the tax treatment of the company's common stock and preferred stock dividends declared in 2022. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Two Harbors. Stockholders should review the 2022 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respec

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.60 per share of common stock for the fourth quarter of 2022. The fourth quarter dividend is payable on January 27, 2023 to common stockholders of record at the close of business on January 5, 2023. "The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment," stated Bill Greenberg, Two Harbors' President and Chief Executive Officer. "We believe a quarterly dividend of $0.60 per common share reflects the company's earnings and r

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, announced today that its Board of Directors has approved common and preferred stock dividends for the third quarter of 2022 as well as a 1-for-4 reverse stock split of the company's common stock. Third Quarter Common and Preferred Stock Dividends Two Harbors declared a dividend of $0.17 per share of common stock for the third quarter of 2022. The third quarter dividend is payable on October 28, 2022 to common stockholders of record at the close of business on October 3, 2022. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.12

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the second quarter of 2022. The second quarter dividend is payable on July 29, 2022 to common stockholders of record at the close of business on July 5, 2022. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock. The Serie

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the first quarter of 2022. The first quarter dividend is payable on April 29, 2022 to common stockholders of record at the close of business on April 4, 2022. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock. The Serie

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, announced today the tax treatment of the company's common stock and preferred stock dividends declared in 2021. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Two Harbors. Stockholders should review the 2021 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respec

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the fourth quarter of 2021. The fourth quarter dividend is payable on January 28, 2022 to common stockholders of record at the close of business on December 29, 2021. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock. T

NEW YORK, Dec. 10, 2021 (GLOBE NEWSWIRE) --  Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2021. This quarter, there are constituent changes within five of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX), the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY) and

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the third quarter of 2021. The third quarter dividend is payable on October 29, 2021 to common stockholders of record at the close of business on October 1, 2021. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock. The S

Two Harbors Investment Corp. (NYSE:TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the second quarter of 2021. The second quarter dividend is payable on July 29, 2021 to common stockholders of record at the close of business on June 29, 2021. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock. The Seri

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the first quarter of 2021. The first quarter dividend is payable on April 29, 2021 to common stockholders of record at the close of business on March 29, 2021. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock; and a dividend of $0.45313 per share of the 7.25% Series C Cumulative Re

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced the redemption of all outstanding shares of both the company’s 7.75% Series D Cumulative Redeemable Preferred Stock (NYSE: TWO PRD)(the “Series D Preferred Stock”) and 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: TWO PRE)(“Series E Preferred Stock”). The cash redemption amount (the “Redemption Amount”) for each share of Series D Preferred Stock and Series E Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date for each series of March 15, 2021 (the “Redemption Date”). On the Redemp

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO) today announced the tax treatment of common stock and preferred stock dividends declared in 2020. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions by Two Harbors. Stockholders should review the 2020 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences. Tax Treatm

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the fourth quarter of 2020, representing an increase of 21% from the common stock dividend for the third quarter of 2020. The fourth quarter dividend is payable on January 29, 2021 to common stockholders of record at the close of business on December 30, 2020. Two Harbors also declared today the following preferred stock dividends: a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock; a dividend of $0.47656 per share of the 7.625% Series B Cumulative R

NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2020. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Insurance Index (Index Ticker: KIX), and the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are also a number of changes to the two modified-divi