Two Harbors Investment Corp. Announces Third Quarter 2018 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today declared a dividend of $0.311630 per share of common stock. This dividend is payable on October 29, 2018 to common stockholders of record at the close of business on October 1, 2018.

The $0.311630 per share dividend represents the remaining portion of Two Harbors’ regular third quarter 2018 common stock dividend of $0.47 per share. As previously announced, Two Harbors declared an interim third quarter 2018 common stock dividend of $0.158370 per share on July 13, 2018, which was paid on July 30, 2018 to common stockholders of record at the close of business on July 25, 2018. The interim third quarter dividend was made pursuant to the terms of the Merger Agreement between Two Harbors and CYS Investments, Inc.

Two Harbors anticipates that a regular quarterly common stock dividend of $0.47 per share will be sustainable throughout the remainder of 2018, subject to market conditions and the discretion and approval of its Board of Directors.

Preferred Stock Dividends

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;
• a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock;
• a dividend of $0.484375 per share of the 7.75% Series D Cumulative Redeemable Preferred Stock; and
• a dividend of $0.46875 per share of the 7.50% Series E Cumulative Redeemable Preferred Stock.

The Series A, Series B and Series C preferred dividends are payable on October 29, 2018 to the applicable preferred stockholders of record at the close of business on October 12, 2018. The Series D and Series E preferred dividends are payable on October 15, 2018 to the applicable preferred stockholders of record at the close of business on October 1, 2018.

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.

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Two Harbors Investment Corp.
Investors:
Margaret Field, Investor Relations, 212-364-3663
margaret.field@twoharborsinvestment.com

Source: Two Harbors Investment Corp.

Released September 20, 2018