Merger Approved
Two Harbors Stockholders Approve CrossCountry Mortgage Merger, Moving Deal Closer to Closing
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Key Points
1
Two Harbors common stock currently trades around $12.07 per share, essentially at the $12.00 merged cash price, with InvestingPro fair value estimated at $12.10.
2
Two Harbors is described as an MSR-focused real estate investment trust, highlighting the business focus that the CrossCountry transaction affects.
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Five of the 53 required state regulatory approvals remain outstanding, with federal Hart-Scott-Rodino waiting period having been terminated on May 21, 2026.
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Final voting results will be certified by an independent inspector of elections and filed with the SEC on a Form 8-K.
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Post-closing, Two Harbors will survive the merger as a wholly owned subsidiary of CrossCountry Mortgage (via CrossCountry Merger Corp.).
Two Harbors Investment Corp. stockholders have voted to approve the company's merger with CrossCountry Mortgage, clearing a major hurdle toward closing the deal. Each share of common stock will be cashed out at $12.00, according to National Mortgage News and MPA Mag.
The stock currently trades around $12.07 — essentially at the merger price. Closing is expected in August 2026, once the final conditions are met, Benzinga reported.
What Shareholders Will Receive at Closing
Common stockholders get $12.00 in cash per share. They will also receive a prorated stub dividend — a partial payment covering the portion of the quarter before the deal closes, Scotsman Guide noted.
Holders of Series A, B, and C preferred stock will be redeemed at $25.00 per share, plus any accrued dividends. After the deal closes, Two Harbors will survive as a wholly owned subsidiary of CrossCountry Mortgage, MPA Mag reported.
48 of 53 State Approvals Secured, Five Still Pending
The deal has cleared the federal Hart-Scott-Rodino antitrust waiting period, which ended on May 21, 2026. That removes one key regulatory barrier to closing, according to National Mortgage Professional.
On the state level, 48 of the 53 required approvals are in hand. Five remain outstanding. All conditions must be met before the deal can close, likely in August 2026, National Mortgage News reported.
Vote Results Still Preliminary Until SEC Filing
The shareholder vote results are not yet final. An independent inspector of elections must certify the results. Once certified, Two Harbors will file the official count with the SEC on a Form 8-K, Benzinga noted.
The vote was held at a reconvened stockholder meeting — meaning it had been called earlier but needed to be resumed before a final count was reached, MPA Mag explained.
CrossCountry Gets an MSR-Focused REIT and Its Servicing Unit
Two Harbors is a mortgage servicing rights REIT — a company that invests in the rights to collect payments on home loans. That business is at the heart of what CrossCountry is buying, National Mortgage News reported.
The deal also includes Two Harbors' RoundPoint servicing business. CrossCountry Merger Corp., a subsidiary of CrossCountry Mortgage, will merge into Two Harbors, leaving Two Harbors as the surviving entity under CrossCountry's ownership, according to National Mortgage Professional.
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