Recent Updates — TWOD
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. completed its merger with CrossCountry Merger Corp., a subsidiary of CrossCountry Intermediate Holdco LLC, on August 25, 2026. Each share of TWO common stock was canceled and converted into the right to receive $12.00 in cash per share. Additionally, holders of record as of August 24, 2026, received a stub period dividend of $0.20326 per share, paid concurrently with the merger consideration. TWO became a wholly owned subsidiary of CCM, and its common stock was delisted from the New York Stock Exchange. The company intends to redeem all outstanding preferred stock for $25.00 per share plus accrued dividends within 120 days and offer to repurchase approximately $115 million of its 9.375% Senior Notes due 2030 at 104% of principal. This transaction represents a significant change in control, with the board of directors resigning and Ron Leonhardt appointed as director. Two Harbors Investment Corp. operates in the real estate investment trust industry, focusing on mortgage servicing rights and residential mortgage-backed securities.
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.
Two Harbors Investment Corp. announced on June 23, 2026, the adjournment of its previously scheduled virtual special meeting of stockholders. The meeting pertains to a proposed transaction between the company and CrossCountry Intermediate Holdco, LLC, an affiliate of CrossCountry Mortgage, LLC. The company's definitive proxy statement regarding this transaction was originally filed on April 20, 2026. Two Harbors Investment Corp. is a mortgage real estate investment trust that invests in residential mortgage-backed securities and mortgage loans.