On June 24, 2020, the Board of Directors of Two Harbors Investment Corp. removed Thomas E. Siering from his position as President of the Company with immediate effect. On June 24, 2020, the Board of Directors appointed William Greenberg as President and Matthew Koeppen as Vice President and Chief Investment Officer, each with immediate effect. William Greenberg (52) has served as Vice President and Co-Chief Investment Officer of Two Harbors since January 2020, with primary responsibility for the investment and hedging strategy of the Company's portfolio of conventional MSR portfolio and securities. He previously served as Co-Deputy Chief Investment Officer from June 2018. Mr. Greenberg has over 25 years of experience managing portfolios of structured finance assets. Prior to joining Two Harbors in 2012, Mr. Greenberg was a Managing Director at UBS AG.