TWO ((Two Harbors Investment Corp., NYSE:TWO), an MSR-focused REIT, today declared a "stub period" dividend of $0.12196 per share of common stock for the third quarter of 2026, subject to the consummation of the previously announced merger with CrossCountry Mortgage, LLC ("CCM").

The CCM merger is expected to close on August 3, 2026, subject to the satisfaction of certain remaining closing conditions. The stub period dividend reflects TWO’s most recent quarterly dividend of $0.34 per share of common stock, multiplied by the number of days elapsed since the end of the second quarter of 2026 through and including the day prior to the expected closing date of the CCM merger (33), and divided by the total number of days in the third quarter of 2026 (92). If the closing occurs after August 3, 2026, the stub period dividend amount will be recalculated based on the actual closing date.

Assuming the closing will occur prior to market open on August 3, 2026, the stub period dividend will be payable to common stockholders of record at the close of business on July 31, 2026. If the CCM merger closing date is delayed, the stub period dividend will be payable to holders of record of common stock at the close of business on the last trading day immediately prior to the effective time of the CCM merger. The stub period dividend will be paid concurrently with the CCM merger consideration. The stub period dividend will not reduce or otherwise affect the merger consideration payable to holders of common stock in connection with the CCM merger. In order to be paid the stub period dividend, common stockholders must hold their shares up through the effective time of the CCM merger.

About TWO

TWO ((Two Harbors Investment Corp., NYSE:TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking statements," including certain plans, expectations, goals, projections and statements about the CCM merger, TWO’s and CCM’s plans, objectives, expectations and intentions, the expected timing of completion of the CCM merger, the ability of the parties to complete the CCM merger considering the various closing conditions, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that TWO or CCM expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as "project," "predict," "believe," "expect," "anticipate," "potential," "create," "estimate," "plan," "continue," "intend," "could," "foresee," "should," "would," "may," "will," "guidance," "look," "outlook," "goal," "future," "assume," "forecast," "build," "focus," "work," or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. TWO’s ability to predict results or the actual effect of future events, actions, plans or strategies is inherently uncertain. Although TWO believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.

There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this press release. These include, among other things: the expected timing and likelihood of completion of the CCM merger; the occurrence of any event, change or other circumstances that could give rise to the termination of the CCM merger; the potential failure to receive, on a timely basis or otherwise, the required approvals for the CCM merger, and the potential failure to satisfy the other conditions to the consummation of the CCM merger in a timely manner or at all; risks related to disruption of management’s attention from ongoing business operations due to the CCM merger; the risk that any announcements relating to the CCM merger could have adverse effects on the market price of TWO common stock; the outcome of any legal proceedings relating to the CCM merger, including stockholder litigation in connection with the CCM merger; and that TWO may be adversely affected by other economic, business or competitive factors. All such factors are difficult to predict and are beyond the control of TWO and CCM, including those detailed in TWO’s annual reports on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K that are available on TWO’s website at www.twoinv.com/investors and on the SEC’s website at www.sec.gov.

Each of the forward-looking statements of TWO is based on assumptions that TWO believes to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and TWO does not undertake any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

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TWO Investor Relations

investors@twoinv.com