Two Harbors Investment Corp. Announces Adjournment of Special Meeting Amid Acquisition Process
On June 23, 2026, Two Harbors Investment Corp. (NYSE: TWO), a real estate investment trust (REIT) focused on mortgage servicing rights, issued a press release announcing the adjournment of its Special Meeting of Stockholders. This decision aims to provide additional time for the company to gather more proxy votes in favor of its proposed acquisition by CrossCountry Intermediate Holdco, LLC, a Delaware limited liability company and an affiliate of CrossCountry Mortgage, LLC (“CCM”).
1. Importance of Stockholder Participation
The TWO Board of Directors continues to express confidence in the pending CCM transaction, which they believe is in the best interests of stockholders. The board unanimously recommends that stockholders support the acquisition and vote “FOR” each proposal at the reconvened Special Meeting.
"We encourage all stockholders who have not yet voted or submitted proxies to do so as soon as possible," stated the company in the release. The emphasis on stockholder participation highlights the importance of collective decision-making in significant corporate actions.
2. Financial Incentives of the CCM Transaction
The acquisition deal with CCM presents substantial financial benefits for TWO stockholders. The transaction offers $12.00 per share in cash along with a pro-rated stub dividend, which translates to a 21% premium over TWO’s unaffected share price as of December 16, 2025. Additionally, it reflects a remarkable 119% premium when compared to the company’s fully diluted tangible book value as of March 31, 2026.
This attractive valuation underscores the potential upside for investors and serves as a strong incentive for stockholders to participate in the voting process.
3. Regulatory Approvals and Transaction Timeline
As of the press release date, 47 of the required 53 regulatory approvals have been secured, and the company expects to close the transaction by August 2026, barring any unforeseen circumstances. The absence of financing contingencies further solidifies the stability and viability of the deal, providing reassurance to stockholders regarding the transaction’s execution.
4. Special Meeting Rescheduled Details
The Special Meeting, which was initially scheduled for May 19, 2026, has been adjourned again and is now set for July 2, 2026, at 10:00 a.m. Eastern Time. This meeting will be held virtually, allowing stockholders to participate conveniently through the Special Meeting website. The record date for stockholder participation remains April 15, 2026.
Stockholders who have already voted in favor of the transaction do not need to take any further action. However, the company encourages those who have yet to cast their votes to do so promptly, emphasizing that every vote counts in this pivotal decision-making process.
5. Call to Action for Stockholders
In its communication, TWO reiterated the urgency of stockholder participation, urging those who have not yet voted to utilize the WHITE proxy card to register their support for the CCM transaction. The company has directed stockholders to review its SEC filings to obtain more information regarding the proposed acquisition.
"The TWO Board unanimously recommends that stockholders vote ‘FOR’ the CCM transaction," the release stated, reinforcing the board’s collective endorsement of the deal and its anticipated benefits.
6. Conclusion
As Two Harbors Investment Corp. navigates this critical juncture in its corporate strategy, the forthcoming Special Meeting and the pending acquisition by CCM present an essential opportunity for stockholders to influence the company’s future. With the financial advantages presented and the supportive stance of the board, stockholder engagement will be vital as the company moves towards securing the necessary votes to finalize this significant transaction.
