Recent Updates — TWO-PB

On September 4, 2026, Two Harbors Investment Corp. announced the immediate termination of employment for five senior officers: William Dellal (CFO), Nicholas Letica (CIO), Rebecca Sandberg (General Counsel), Robert Rush (Chief Risk Officer), and Alecia Hanson (Chief Administrative Officer). These departures constitute Qualifying Terminations under the company's Severance Benefits Plan following a Change of Control Period. Concurrently, Madhur Agarwal was appointed as the new Chief Financial Officer, effective immediately. Agarwal currently serves as CFO of parent company CrossCountry Mortgage LLC and will hold both roles concurrently without additional compensation from Two Harbors. CEO William Greenberg is expected to terminate his employment on October 2, 2026. Two Harbors Investment Corp. operates in the real estate finance industry, specializing in mortgage-related investments.

Two Harbors Investment Corp. announced it has received required state regulatory approvals for its merger with CrossCountry Intermediate Holdco, LLC from all but one jurisdiction. Upon receipt of the final approval, the company intends to close the transaction the following business day. A stub period dividend will be paid to common stockholders based on a formula using the most recent quarterly dividend of $0.34 per share multiplied by days elapsed since the end of Q2 2026 through the day prior to closing, divided by 92 days in Q3 2026. The record date is the last trading day immediately prior to the effective time of the merger. Two Harbors Investment Corp. operates as a real estate investment trust that invests in mortgage-related assets.

On July 2, 2026, Two Harbors Investment Corp. held a virtual special meeting where common stockholders approved the CCM Merger Proposal. This proposal authorizes the merger of the company with CrossCountry Intermediate Holdco, LLC (CCM) and its subsidiary, CrossCountry Merger Corp., resulting in Two Harbors becoming a wholly owned subsidiary of CCM. The merger was approved with 54,297,767 shares voting for and 23,570,833 shares voting against. Conversely, a non-binding advisory proposal regarding executive compensation related to the merger was rejected, with 50,332,251 shares voting against and 26,222,281 shares voting for. The company operates in the financial services industry as a real estate investment trust.