Two Harbors Investment Corp. (NYSE: TWO) announced it has received final regulatory approval for its merger with CrossCountry Mortgage, LLC, with the transaction scheduled to close before market open on August 25, 2026.

Under the terms of the deal, CrossCountry Merger Corp., a wholly owned subsidiary of CrossCountry Mortgage, will merge with and into TWO, with TWO surviving as a wholly owned subsidiary of CrossCountry Mortgage.

TWO stockholders will receive $12.00 per share in cash for each share of common stock held immediately prior to the effective time of the merger. Stockholders of record as of the close of business on August 24, 2026 will also receive a stub period dividend of $0.20326 per share, which will be paid alongside the merger consideration and will not reduce the merger consideration.

TWO is a Maryland-based real estate investment trust focused on mortgage servicing rights, residential mortgage-backed securities, and other financial assets, headquartered in St. Louis Park, Minnesota.