Welcome to our dedicated page for Two Harbors Investment news (Ticker: TWO), a resource for investors and traders seeking the latest updates and insights on Two Harbors Investment stock.
Two Harbors Investment Corp. reports developments for an MSR-focused real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. Company news centers on operating and financial results, earnings releases and portfolio-related activity tied to servicing fee income, interest income and residential mortgage exposure.
Recurring updates also cover material agreements, shareholder voting matters, capital-structure disclosures and governance actions. These categories reflect the company’s role as a public REIT managing mortgage-related assets that are sensitive to interest rate, basis and prepayment risk.
Two Harbors Investment Corp. (NYSE: TWO)/b), described as a wholly owned subsidiary of CrossCountry Mortgage, announced it will redeem all outstanding shares of its 8.125% Series A (NYSE: PRA), 7.625% Series B (NYSE: PRB) and 7.25% Series C (NYSE: PRC) Cumulative Redeemable Preferred Stock.The redemptions, made under the terms of the recently completed merger with CrossCountry Mortgage, are scheduled for September 28, 2026. Holders will receive $25.00 per share plus accrued and unpaid dividends to, but not including, the redemption date, upon surrender of their shares to Equiniti Trust Company.
TWO (NYSE: TWO), an MSR-focused REIT, has been acquired by CrossCountry Mortgage (CCM) through the completed merger of CrossCountry Merger Corp. into TWO, leaving TWO as a wholly owned CCM subsidiary. TWO stockholders are entitled to receive $12.00 in cash per share for each share held immediately before the effective time of the merger.
In addition, stockholders of record at the close of business on August 24, 2026 will receive a separate stub period dividend of $0.20326 per share, paid together with the merger consideration and not reducing it. Following the merger, TWO’s common stock will be delisted from the NYSE and the company will become privately held under CCM. Financial, strategic, and legal advisors to the parties included Houlihan Lokey, PJT Partners, Jones Day, Citi, and Simpson Thacher & Bartlett.
Two Harbors Investment (NYSE: TWO) announced it has received final regulatory approval for its previously announced merger with CrossCountry Mortgage. The transaction is expected to close prior to market open on August 25, 2026. At closing, CrossCountry Merger Corp., a wholly owned subsidiary of CrossCountry Mortgage, will merge with and into TWO, with TWO surviving as a wholly owned subsidiary of CrossCountry Mortgage.
According to the company, TWO stockholders will be entitled to receive $12.00 in cash per share of common stock held immediately before the merger’s effective time. In addition, stockholders of record as of the close of business on August 24, 2026 will receive a stub period dividend of $0.20326 per share. This stub dividend will be paid together with the merger consideration and will not reduce or otherwise affect the $12.00 per share cash payment.
Two Harbors Investment (NYSE: TWO) reiterated that its board has secured an all-cash transaction at $12.00 per share for all TWO stockholders through a merger with CrossCountry Mortgage (CCM). According to Two Harbors, this CCM transaction was approved by TWO shareholders on July 2, 2026 and is scheduled to close once the final required state regulatory approval is received, which is expected in August.
Two Harbors also noted that an earlier stock‑for‑stock merger agreement with UWM was terminated in March 2026 after it failed to secure sufficient shareholder support, and cited an ISS recommendation against that prior transaction and its then‑prevailing valuation relative to TWO’s book value.
Five9 (NASD: FIVN) will join the S&P SmallCap 600, replacing Two Harbors Investment (NYSE: TWO) effective prior to the market open on Monday, August 3, 2026. S&P Dow Jones Indices states this change follows CrossCountry Mortgage’s planned acquisition of Two Harbors, which remains subject to final closing conditions.
Two Harbors Investment (NYSE: TWO) reported second quarter 2026 results while progressing toward its merger with CrossCountry Mortgage (CCM). Under the amended merger agreement, CCM will acquire all outstanding TWO common shares for $12.00 per share. TWO’s Series A, B and C preferred shares are expected to be redeemed after closing at $25.00 per share plus accumulated and unpaid dividends. Common stockholders approved the merger on July 2, 2026, and closing is expected on August 3, 2026, subject to remaining conditions.
For Q2 2026, TWO reported GAAP net income of $49.4 million ($0.47 per basic share) and comprehensive income of $47.9 million ($0.45 per share), versus a comprehensive loss in Q1. Earnings Available for Distribution were $29.6 million ($0.28 per share). Book value was $10.68 per common share, and the company declared a $0.34 Q2 common dividend, delivering a 4.3% economic return on book value. TWO also declared a conditional Q3 2026 “stub period” dividend of $0.12196 per common share, payable only if the merger is consummated.
Two Harbors Investment (NYSE: TWO) declared a third-quarter 2026 stub period dividend of $0.12196 per common share, contingent on closing its previously announced merger with CrossCountry Mortgage on or about August 3, 2026. The dividend, based on 33 of 92 quarter days, will be paid concurrently with the merger consideration and will not reduce that consideration.
TWO (NYSE:TWO) stockholders have, based on a preliminary vote count, approved the merger with CrossCountry Mortgage at a reconvened special meeting on July 2, 2026.
Each common share is to be converted into $12.00 in cash plus a pro-rated stub dividend. Preferred shares are expected to be redeemed at $25.00 plus unpaid dividends. The deal has early HSR clearance and 48 of 53 required state approvals and is expected to close in August 2026, subject to remaining conditions.
Two Harbors (NYSE:TWO) adjourned its Special Meeting of Stockholders to allow more time to solicit proxies supporting its acquisition by CrossCountry Intermediate Holdco (CCM). The meeting will reconvene on July 2, 2026 at 10:00 a.m. ET and remain virtual.
The CCM transaction offers $12.00 per share in cash plus a pro-rated stub dividend, a stated 21% premium to TWO’s December 16, 2025 unaffected share price and a 119% premium to fully diluted tangible book value as of March 31, 2026. The deal is described as fully financed with no financing contingency, with 47 of 53 regulatory approvals obtained and closing targeted for August 2026. The Board unanimously recommends voting “FOR” using the WHITE proxy card.
UWM Holdings (NYSE:UWMC) reaffirmed its proposal to acquire Two Harbors (NYSE:TWO) and urged TWO stockholders to vote AGAINST the proposed merger with CrossCountry Mortgage at the June 23 special meeting.
UWMC highlights a cash election of $12.50 per TWO share or 2.3328 UWMC shares, versus CCM’s $12.00 cash offer, and notes that ISS, Glass Lewis and Egan-Jones recommend voting against the CCM deal.