Monitor the reconvened special meeting on May 28 for stockholder approval. If the deal closes, TWOD holders may benefit from increased equity cushion. If the deal fails, note spreads could widen. No immediate trade catalyst.
Price Chart
Executive Summary
Two Harbors Investment Corp. (TWOD) adjourned its special meeting of stockholders to May 28, 2026 to solicit additional proxies for the pending acquisition by CrossCountry Mortgage LLC (CCM). The board continues to unanimously recommend the $12.00/share all-cash deal. A court denied a plaintiff's request for a TRO, ruling proxy disclosures were adequate. The adjournment is a procedural step with minimal immediate credit impact on the 9.375% Senior Notes due 2030 (TWOD).
Key Facts
- Special meeting adjourned to May 28, 2026 at 10:00 AM ET.
- Court denied plaintiff's motion for TRO and dismissed preliminary injunction as moot, finding proxy disclosures sufficient.
- Board continues to unanimously recommend stockholders vote FOR the CCM transaction.
- CCM will acquire all common shares for $12.00 cash per share; preferred shares to be redeemed at $25.00 plus accrued dividends.
Financial Impact
No direct financial impact on TWOD notes; adjournment is procedural. Deal value remains undisclosed at the note level.
Risk Factors
- Stockholders may not approve the transaction, leading to deal termination.
- Further litigation or regulatory delays could impede closing.
- Market conditions or rate changes could affect note pricing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-063828 |
| Document: tm2615025d1_ex99-1.htm | 0001104659-26-063828 |
| Document: 0001104659-26-063828-index-headers.html | 0001104659-26-063828 |
| Document: 0001104659-26-063828-index.html | 0001104659-26-063828 |
| Document: 0001104659-26-063828.txt | 0001104659-26-063828 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 8, 2026 16w ago | DEFA14A | $25.34 $26.09 | ▲ +2.96% | ▼ −0.09% | $26.33 (+3.91%) |
Jun 8, 2026 16w ago | DEFA14A | $25.34 $26.09 | ▲ +2.96% | ▼ −0.09% | $26.33 (+3.91%) |
Jun 8, 2026 16w ago | 8-K | $25.34 $26.09 | ▲ +2.96% | ▼ −0.09% | $26.33 (+3.91%) |
Jun 3, 2026 17w ago | DEFA14A | $25.39 $26.06 | ▲ +2.64% | ▲ +0.14% | $26.33 (+3.70%) |
May 19, 2026 19w ago | DEFA14A | $25.24 $25.38 | ▲ +0.55% | ▼ −4.45% | $26.33 (+4.32%) |
May 19, 2026 19w ago | 8-K | $25.24 $25.38 | ▲ +0.55% | ▼ −4.45% | $26.33 (+4.32%) |
May 15, 2026 20w ago | DEFA14A | $25.30 $25.28 | ▲ +0.08% | ▲ +4.59% | $26.33 (−4.07%) |
May 15, 2026 20w ago | 8-K | $25.30 $25.28 | ▲ +0.08% | ▲ +4.59% | $26.33 (−4.07%) |
May 14, 2026 20w ago | 144 | $25.30 $25.28 | ▼ −0.08% | ▼ −4.59% | $26.33 (+4.07%) |
May 14, 2026 20w ago | DEFA14A | $25.26 $25.35 | ▲ +0.36% | ▼ −3.23% | $26.33 (+4.24%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access