NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO) and CYS Investments, Inc. (NYSE: CYS) today announced that Two Harbors will hold a special meeting of its stockholders (the “Two Harbors Special Meeting”) on Friday, July 27, 2018 at 9:00 a.m. Central Time, at 601 Carlson Parkway, 2nd Floor, Minnetonka, Minnesota 55305, and that CYS will hold a special meeting of its stockholders (the “CYS Special Meeting”) on Friday, July 27, 2018 at 9:00 a.m. Eastern Time, at 50 Rowes Wharf, Boston, Massachusetts 02110.
The close of business on Friday, June 22, 2018, has been set as the record date for determining those stockholders entitled to vote at each of the Two Harbors Special Meeting and the CYS Special Meeting, respectively. At the Two Harbors Special Meeting, Two Harbors’ stockholders will be asked to vote on a proposal to approve the issuance of shares of Two Harbors common stock to the CYS common stockholders in connection with the previously announced merger of CYS with a subsidiary of Two Harbors (the “Merger”), and upon any conversion (upon certain future changes of control of Two Harbors, if any) of the Two Harbors’ 7.75% Series D Cumulative Redeemable Preferred Stock and Two Harbors’ 7.50% Series E Cumulative Redeemable Preferred Stock, in each case, in connection with the previously announced Agreement and Plan of Merger, dated as of April 25, 2018, by and among Two Harbors, Eiger Merger Subsidiary LLC and CYS (the “Merger Agreement”). At the CYS Special Meeting, CYS’s stockholders will be asked to vote on a proposal to approve the Merger and a non-binding advisory proposal to approve the compensation that may be paid or become payable to CYS’s named executive officers that is based on or otherwise related to the Merger.
About Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets. Two Harbors is headquartered in New York, New York, and is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.
About CYS Investments, Inc.
CYS Investments, Inc., a Maryland corporation, is a specialty finance company that invests on a leveraged basis primarily in residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. CYS refers to these securities as Agency RMBS. CYS has elected to be taxed as a real estate investment trust for federal income tax purposes.
