TWO (Two Harbors Investment Corp.), a wholly owned subsidiary of CrossCountry Mortgage, LLC, today announced the redemption of all outstanding shares of the company’s 8.125% Series A Cumulative Redeemable Preferred Stock (NYSE: TWO PRA)(the “Series A Preferred Stock”), 7.625% Series B Cumulative Redeemable Preferred Stock (NYSE: TWO PRB)(the “Series B Preferred Stock”), and 7.25% Series C Cumulative Redeemable Preferred Stock (NYSE: TWO PRC)(“Series C Preferred Stock”). These redemptions are being made pursuant to the terms of the recently completed merger of TWO and CrossCountry Mortgage, LLC. The cash redemption amount (the “Redemption Amount”) for each share of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date for each series of September 28, 2026 (the “Redemption Date”).

On the Redemption Date, dividends on the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock will cease to accumulate and all rights relating to the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock will terminate, except the right to receive the Redemption Amount. Payment of the Redemption Amount will be made only upon delivery and surrender of the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock to Equiniti Trust Company, the company’s redemption and paying agent.

Notice of redemption will be delivered to holders of record of the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock. Questions about the notice of redemption and related materials should be directed to Equiniti Trust Company LLC, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, Minnesota 55120 or by phone at (877) 536-3558 or (800) 468-9716 (toll free).

This press release does not constitute a notice of redemption under the respective articles supplementary governing the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock.

Cautionary Notice Regarding Forward-Looking Statements

This release may include statements and information that constitute “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are included in this statement for purposes of invoking these safe harbor provisions. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. The forward-looking statements made in this release include, but may not be limited to, expectations regarding the use of proceeds from the offering.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks identified under the captions “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our public filings with the SEC, which are available on the SEC’s website at www.sec.gov.

All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice. Except to the extent required by applicable laws and regulations, we undertake no obligations to update these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

About TWO

TWO, a Maryland corporation, is a wholly owned subsidiary of CrossCountry Mortgage, LLC that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, Minnesota.

About CCM

CrossCountry Mortgage (CCM) is the nation's largest distributed retail mortgage lender and sixth-largest non-bank servicer, with more than 9,000 employees operating over 1,100 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received numerous awards for its standout culture. We offer more than 120 mortgage, refinance and home equity solutions — ranging from conventional and jumbo mortgages to government-insured programs from the FHA and programs for Veterans and rural homebuyers — and we are a direct lender and approved seller and servicer for Freddie Mac, Fannie Mae and Ginnie Mae. NMLS #3029. Through our dedication to getting it done, we make every mortgage feel like a win.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827810023/en/