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When will the Reverse Stock Split become effective?

Q:

When will the Reverse Stock Split become effective?

A:

The Reverse Stock Split will become effective at 5:01pm Eastern Time on November 1, 2017 (the “Effective Time”).  At the Effective Time, every two issued and outstanding shares of Two Harbors common stock will be converted into one share of Two Harbors common stock, subject to a reduction in the total number of shares as a result of cash payments made in lieu of the issuance of fractional shares.  See the question titled “How are fractional shares of Two Harbors common stock being treated in the Reverse Stock Split?”.

The Reverse Stock Split will take place following the Stock Dividend of Granite Point shares, and will have no impact on the Stock Dividend.