Monitor for the press release announcing final state approval and the subsequent merger close, which is expected the next business day. The stub dividend amount will be finalized upon closing, but does not affect merger consideration. No trading catalyst until definitive timing is known.
Price Chart
Executive Summary
Two Harbors Investment Corp. disclosed that it has received required state regulatory approvals for its merger with CrossCountry Intermediate Holdco from all but one state. Upon receipt of the final outstanding approval, the company will issue a press release and close the merger the following business day. The stub dividend amount will be recalculated based on the actual closing date instead of the previously announced $0.12196 per share.
Key Facts
- Required state regulatory approvals received from all but one state for the previously announced CCM Merger.
- Upon final approval, TWO will issue a press release and close the merger the following business day.
- Previously announced stub dividend of $0.12196 per share based on an August 3, 2026 closing date will be recalculated.
- Stub dividend will equal the most recent quarterly dividend of $0.34 per share multiplied by days elapsed since end of Q2 2026 through day prior to closing, divided by 92 total days in Q3 2026.
- Stub dividend payable to holders of record at close on last trading day before effective time, paid concurrently with merger consideration.
Financial Impact
Stub dividend adjustment recalculated from previously announced $0.12196 per share to a formula based on actual closing date: $0.34 quarterly dividend × days elapsed / 92. No material financial impact disclosed beyond the merger itself.
Risk Factors
- Delay or failure to receive the final outstanding state approval could postpone or block the merger closing.
- Litigation or stockholder challenges related to the merger could arise, as noted in the filing's forward-looking statements.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-089438 |
| Document: 0001104659-26-089438-index-headers.html | 0001104659-26-089438 |
| Document: 0001104659-26-089438-index.html | 0001104659-26-089438 |
| Document: 0001104659-26-089438.txt | 0001104659-26-089438 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | 8-K | $12.18 awaiting T+5 | awaiting T+5 | — | — |
Aug 25, 2026 5w ago | 25-NSE | $12.18 awaiting T+5 | awaiting T+5 | — | — |
Aug 3, 2026 8w ago | 8-K | $12.05 $12.03 | ▼ −0.17% | ▼ −2.19% | — |
Jul 28, 2026 9w ago | 8-K | $12.10 $12.03 | ▼ −0.58% | ▼ −6.11% | — |
Jun 23, 2026 14w ago | DEFA14A | $12.37 $12.35 | ▼ −0.16% | ▼ −1.87% | — |
Jun 23, 2026 14w ago | 8-K | $12.37 $12.35 | ▼ −0.16% | ▼ −1.87% | — |
Jun 15, 2026 15w ago | DEFA14A | $12.26 $12.32 | ▼ −0.49% | ▼ −2.72% | — |
Jun 15, 2026 15w ago | DEFA14A | $12.24 $12.22 | ▼ −0.16% | ▲ +1.22% | — |
Jun 15, 2026 15w ago | DEFA14A | $12.24 $12.22 | ▼ −0.16% | ▲ +1.22% | — |
US Market Status
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