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How are fractional shares of Two Harbors common stock being treated in the Reverse Stock Split?

Q:

How are fractional shares of Two Harbors common stock being treated in the Reverse Stock Split?

A:

No fractional shares will be issued in connection with the Reverse Stock Split. Instead, if the Reverse Stock Split conversion results in a new share total that includes a fractional share, the stockholder of the fractional share will be entitled to receive, in lieu of such fractional share, a cash payment in an amount that is equal to the volume weighted average price of Two Harbors common stock reported on the NYSE on November 1, 2017.