Two Harbors receives all but one state approval for CCM merger; stub dividend recalculated

TWO HARBORS INVESTMENT CORP.

Received required state regulatory approvals from all but one state for the CCM merger; final approval pending.
Upon receipt of final approval, will issue press release and close the following business day.
Stub dividend recalculated: $0.34 per share quarterly dividend × days elapsed from Q2 end to day before closing ÷ 92 days.
Previously announced stub dividend of $0.12196 per share based on Aug 3 closing; new amount depends on actual closing date.
Stub dividend payable to holders of record on last trading day before effective time, paid concurrently with merger consideration.

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