Two Harbors Investment Corp. has received final regulatory approval for its $12.00-per-share merger with CrossCountry Mortgage, LLC, with the transaction scheduled to close before market open on August 25, 2026.
The deal, structured as a merger between CrossCountry Merger Corp.—a wholly owned subsidiary of CrossCountry Mortgage—and Two Harbors, will result in Two Harbors operating as a subsidiary of CrossCountry Mortgage following completion. Shareholders of record at the close of business on August 24, 2026, will receive a cash payment of $12.00 per share, along with a stub period dividend of $0.20326 per share.
The merger, announced via a press release issued on August 21, 2026, marks the culmination of the approval process for the strategic combination. Two Harbors, a Maryland-based real estate investment trust headquartered in St. Louis Park, Minnesota, specializes in mortgage servicing rights, residential mortgage-backed securities, and related financial assets. CrossCountry Mortgage is a residential mortgage lender.
