TWO Board Receives Unsolicited Proposal To Acquire All Outstanding Shares Of TWO Common Stock For $10.70 Per Share In Cash

Two Harbors Investment Corp. (TWO) has received an unsolicited proposal to acquire all outstanding shares of its common stock for $10.70 per share in cash. The proposal includes a $25.4 million termination fee related to its existing merger agreement with UWM Holdings Corporation (UWMC). The Board's ad hoc committee is evaluating the proposal to determine if it constitutes a 'Company Superior Proposal' under the UWMC agreement, while the UWMC merger remains in effect and the Board continues to recommend it. A Special Meeting of Stockholders regarding the UWMC transaction is scheduled for March 24, 2026.