With the preferred stock being redeemed and delisted, the securities will cease to trade. Holders should have already received redemption proceeds. No further trading or price discovery is expected.
Price Chart
Executive Summary
The NYSE filed a Form 25-NSE to delist all three series of Two Harbors Investment Corp.'s preferred stock (Series A, B, and C) following their redemption on September 28, 2026. This is the final step in the company's privatization after its all-cash acquisition by CrossCountry Intermediate Holdco, LLC, as previously disclosed in the August 25, 2026 8-K.
Key Facts
- NYSE filed Form 25-NSE to remove from listing and registration the 8.125% Series A, 7.625% Series B, and 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
- The preferred shares were called for redemption on September 28, 2026, with sufficient funds deposited for payment.
- Trading in the preferred shares was suspended on September 28, 2026.
- Delisting is effective at the opening of business on October 9, 2026.
- This follows the all-cash merger with CrossCountry Intermediate Holdco, LLC, where common shareholders received $12.00 per share plus a stub dividend.
Financial Impact
All preferred shares redeemed at their respective liquidation preferences (undisclosed amounts per series). Common shareholders received $12.00 per share plus $0.20326 stub dividend in the merger.
Risk Factors
- Preferred shareholders may have received less than market value if they purchased above the redemption price.
- No further liquidity in these securities post-delisting.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000795 |
| Document: 0000876661-26-000795-index.html | 0000876661-26-000795 |
| Document: 0000876661-26-000795.txt | 0000876661-26-000795 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 15-12G | — | awaiting T+20 | — | — |
Sep 28, 2026 29d ago | 25-NSE | — | awaiting T+20 | — | — |
Aug 25, 2026 9w ago | 8-K | $12.18 | awaiting T+20 | — | — |
Aug 25, 2026 9w ago | 25-NSE | $12.18 | awaiting T+20 | — | — |
Aug 3, 2026 12w ago | 8-K | $12.05 | awaiting T+20 | — | — |
Jul 28, 2026 13w ago | 8-K | $12.10 $12.18 | ▲ +0.66% | ▼ −4.36% | — |
Jun 23, 2026 18w ago | DEFA14A | $12.37 $12.10 | ▼ −2.18% | ▼ −4.12% | — |
Jun 23, 2026 18w ago | 8-K | $12.37 $12.10 | ▼ −2.18% | ▼ −4.12% | — |
Jun 15, 2026 19w ago | DEFA14A | $12.26 $12.11 | ▲ +1.22% | ▲ +1.42% | — |
Jun 15, 2026 19w ago | DEFA14A | $12.24 $12.08 | ▼ −1.31% | ▼ −0.56% | — |
US Market Status
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