CrossCountry Mortgage Receives Approval to Acquire Two Harbors Investment

CrossCountry Mortgage, LLC received final regulatory approval to acquire Two Harbors Investment Corp. in a transaction scheduled to close before the market opens on Monday, August 25, 2026.

The deal will be executed through CrossCountry Merger Corp., a wholly owned subsidiary of CrossCountry Mortgage, which will merge into Two Harbors. Upon completion, Two Harbors will become a wholly owned subsidiary of CrossCountry Mortgage.

Two Harbors stockholders will receive $12.00 per share in cash. Stockholders of record as of August 24, 2026, will also receive a stub period dividend of $0.20326 per share. This dividend will be paid alongside the merger consideration and will not reduce the per-share acquisition price.