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What is the impact to Two Harbors’ outstanding common stock?

Q:

What is the impact to Two Harbors’ outstanding common stock?

A:

The Reverse Stock Split will have the effect of reducing the total number of Two Harbors’ issued and outstanding common stock by half, from approximately 349 million shares to approximately 175 million shares.  As a result of the reduction in the number of shares of common stock, the price per share of Two Harbors common stock is expected to increase proportionately upon the completion of the Reverse Stock Split.