Two Harbors Investment Corp. Announces Conversion Rate Adjustment for its
Convertible Senior Notes Due 2022
New York, March 29, 2018 – Two Harbors Investment Corp. (NYSE: TWO) today announced an
adjustment to the conversion rate for the company’s 6.25% convertible senior notes due 2022 (the
“Notes”). This conversion rate adjustment is being made pursuant to the supplemental indenture
governing the Notes as a result of the company’s previously announced first quarter 2018 common stock
cash dividend of $0.47 per common share. Effective immediately after the close of business on April 2,
2018, the new conversion rate for the Notes will be 61.7770 shares of common stock per $1,000 principal
amount of the Notes. Currently, the conversion rate for the Notes is 61.4698 shares of common stock per
$1,000 principal amount of the Notes. Notice of the conversion rate adjustment was delivered to holders
of the Notes and Bank of New York Mellon Trust Company, N.A., as trustee, in accordance with the
terms of the supplemental indenture governing the Notes.
This news release includes “forward-looking statements” within the meaning of the safe harbor provisions
of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements
reflect management’s plans, estimates and beliefs and involve risks and uncertainties that could cause
actual results to differ materially from expected results. Readers are cautioned not to place undue reliance
upon any forward-looking statements, which speak only as of the date made. Two Harbors Investment
Corp. undertakes no obligation to update or revision such forward-looking statements.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in
residential mortgage-backed securities, mortgage servicing rights and other financial assets. Two Harbors
is headquartered in New York, New York, and is externally managed and advised by PRCM Advisers
LLC, a wholly owned subsidiary of Pine River Capital Management L.P. Additional information is
available at www.twoharborsinvestment.com.
Additional Information
Stockholders of Two Harbors and other interested persons may find additional information regarding the
company at the Securities and Exchange Commission’s Internet site at www.sec.gov or by directing
requests to: Two Harbors Investment Corp., 575 Lexington Avenue, Suite 2930, New York, NY 10022,
telephone 612-629-2500.
Contact
Investors: Margaret Field, Investor Relations, Two Harbors Investment Corp., 212-364-3663,
margaret.field@twoharborsinvestment.com.