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I owned shares of Two Harbors common stock. What did I receive as a result of the Stock Dividend?

Q:

I owned shares of Two Harbors common stock. What did I receive as a result of the Stock Dividend?

A:

On November 1, 2017, the company distributed the 33,071,000 shares of Granite Point common stock it had acquired in connection with the contribution of its commercial real estate portfolio to Granite Point. Two Harbors common stockholders who were entitled to take part in the Stock Dividend received 0.094765 shares of Granite Point common stock for each share of Two Harbors common stock outstanding on October 20, 2017, subject to the liquidation of fractional shares for which stockholders would have received a payment of cash in lieu of such fractional shares.

If, however, you sold your shares of Two Harbors common stock prior to the Dividend Date, you may have forfeited the right to receive shares of Granite Point common stock in the Stock Dividend.  Please see the question titled “What happens if I sold my Two Harbors common stock on or prior to the Dividend Date?” for more information.