Granite Point Distribution and Reverse Stock Split
On September 14, 2017, the Board of Directors of Two Harbors Investment Corp. (“Two Harbors”, the “company”, “we” or “us”) declared a special dividend (the “Stock Dividend”) to distribute the shares of common stock of Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“Granite Point”) acquired by the company in connection with the contribution of its commercial real estate portfolio to Granite Point. Two Harbors also announced that its Board of Directors had approved a one-for-two reverse stock split of Two Harbors common stock (“Reverse Stock Split”). On November 1, 2017 (the “Dividend Date”), the Stock Dividend occured first, followed by the Reverse Stock Split.
Below is a summary of frequently asked questions relating to both the Stock Dividend and the Reverse Stock Split.