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Hi Fools,

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp . (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today announced that its Board of Directors has declared a special 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. The company also announced that its Board of Directors has approved a one-for-two reverse stock split of Two Harbors’ outstanding shares of common stock. On November 1, 2017, the special dividend distribution will occur first, followed by the reverse stock split.
http://investor.twoharborsinvestment.com/press-release/divid...

The distribution of Granite Point, GPMT, will be of 0.095 shares for each share of Two Harbors, TWO, with a cash payment in lieu of fractional shares.

phooL on!

Lon.
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