TWO (Two Harbors Investment Corp.), a wholly-owned subsidiary of CrossCountry Mortgage, LLC, today announced that it has notified the New York Stock Exchange (the "NYSE") of its intention to voluntarily delist TWO's 9.375% Senior Notes due 2030 (NYSE:TWOD) (the "Notes") from the NYSE and to withdraw the Notes from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). To delist and deregister the Notes, TWO expects to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about September 24, 2026, which is no fewer than 10 days after the date on which TWO notified the NYSE of its intent to voluntarily delist the Notes.

In connection with the recently completed merger of TWO and CrossCountry Mortgage, LLC (the "Merger"), TWO satisfied and discharged its obligations under the indenture pursuant to which the Notes were issued (the "Discharge"). Concurrently with the satisfaction and discharge, CrossCountry Intermediate HoldCo, LLC commenced an offer (the "Offer") to repurchase all outstanding Notes at $26.3841 per Note, equal to 104% of the $25.00 principal amount, plus accrued and unpaid interest, if any, to, but excluding, October 14, 2026, and irrevocably deposited with U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), $123.1 million in funds, which is sufficient to pay the purchase price for all Notes tendered in the Offer and to fund all future interest payments and to redeem all Notes that remain outstanding following the Offer. To the extent all Notes are not repurchased in the Offer, such Notes will be redeemed on May 17, 2027 (the "Redemption Date") at a redemption price equal to 100% of the principal amount thereof ($25.00 per Note), plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (the "Redemption Price"), after which no Notes are expected to be outstanding.

TWO’s decision to delist and deregister the Notes reflects its determination that, as a result of the Merger and the Discharge, the company is no longer required to maintain the NYSE listing and SEC registration. TWO has complied with all applicable state and federal securities laws in connection with the proposed delisting and deregistration of the Notes.

The delisting is expected to become effective 10 days after the Form 25 is filed, and the last day of trading for the Notes is expected to be October 2, 2026. Following the delisting of the Notes from the NYSE, TWO intends to take such actions as may be necessary to terminate or suspend its reporting obligations under the Exchange Act.