Two Harbors Investment Corp. stockholders voted to approve the merger with CrossCountry Mortgage at a reconvened special meeting on July 2, 2026. Under the deal, each share of TWO common stock will be converted into the right to receive $12.00 in cash, plus a pro-rated stub dividend for the portion of the quarter before closing. Holders of TWO's Series A, Series B and Series C preferred stock will have their shares redeemed at $25.00 per share plus accumulated and unpaid dividends after the closing. The transaction has received early antitrust clearance and 48 of 53 required state regulatory approvals, with closing expected in August 2026 subject to remaining conditions.
Two Harbors Investments CorpStockholders approved merger with CrossCountry Mortgage, with $12.00 per share cash consideration and preferred redemption at $25.00.
Merger with Two Harbors approved, enabling CrossCountry Mortgage to become a publicly traded entity.