Two Harbors Investment Corp. has adjourned its Special Meeting of Stockholders to July 2, 2026, to allow more time to solicit proxies for its acquisition by an affiliate of CrossCountry Mortgage. The board continues to unanimously recommend stockholders vote in favor of the deal, which offers $12.00 per share in cash plus a pro-rated stub dividend, representing a 21% premium to the unaffected share price and a 119% premium to fully diluted tangible book value. The transaction is fully financed with no financing contingency, and 47 of the 53 required regulatory approvals have been secured, with closing expected in August 2026. Stockholders who have already voted in favor do not need to take any further action.
Two Harbors Investments CorpThe acquisition by CrossCountry Mortgage offers $12.00 per share in cash, a 21% premium to unaffected price and 119% premium to tangible book value, with strong board support and progress on regulatory approvals.
CrossCountry Mortgage's affiliate is acquiring Two Harbors at a premium, with fully financed deal and most regulatory approvals secured, indicating a strategic expansion.