Uwm Holdings Corporation · NYSE:UWMC
Uwm — Merger or Acquisition (March 2026)
5 slides from Uwm's merger presentation, Mar 11, 2026
Slide 1: United Wholesale Mortgage March 11, 2026
UNITED WHOLESALE MORTGAGE March 11, 2026 Filed by UWM Holdings Corporation pursuant to Rule 425 under the Securities Act of 1933 Registration No. 333-293106 Subject Company: Two Harbors Investment, Corp. Commission File No. 001-34506 Date: March 11, 2026
Slide 2: Forward-looking statements
This presentation contains certain forward-looking statements and information, which reflect management’s current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are generally identified using words suc
Slide 3: Transaction highlights for TWO shareholders
3 • ~$7.6bn pro forma UWMC market cap, ~7x TWO standalone market cap • $2.2bn pro forma UWMC float(2) — more than double TWO standalone Enhanced Scale and Liquidity • 9.9% current dividend yield • UWM has issued a quarterly dividend of approximately $160mm ($0.10 per share) every quarter since becom
Slide 4: Outlook
$14.00 +41.2% $14.23 +43.6% $16.66 +68.1% 38.8 29.9 33.5 25.1 22.3 31.8 29.7 24.4 27.6 33.6 39.5 38.7 32.4 39.7 41.7 49.6 99 99 52 51 92 88 97 92 108 106 118 105 94 113 130 122 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 $650 $538 $447 $453 $499 $5
Slide 5: Important Information for Investors and Stockholders
Important Information for Investors and Stockholders In connection with the proposed transaction between UWMC and Two Harbors, UWMC has filed with the SEC the Registration Statement on Form S-4, containing the Proxy Statement of Two Harbors and the Prospectus of UWMC. The Registration Statement has