Two Harbors stock ends after USD 12.00 merger payout
Published on 09/30/2026 at 22:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Two Harbors (ISIN US90187B1017) ended as a listed common stock after CrossCountry Mortgage completed its acquisition on August 25, 2026. Eligible shareholders received USD 12.00 in cash per share plus a USD 0.20326 stub-period dividend, according to The Globe and Mail.
Cash merger closes the listing
The merger converted each outstanding common share into the cash consideration and moved Two Harbors into CrossCountry Mortgage ownership. The common stock was delisted from the New York Stock Exchange and the company began the process of ending its Exchange Act reporting obligations, as reported on August 25, 2026 by MetaTrader.
The payout also marks a clear shift in the company structure. Two Harbors became a wholly owned subsidiary of CrossCountry Mortgage, while its former board was replaced by a single director appointed at the closing.
Debt cleanup sets the next date
On September 11, 2026, Two Harbors announced an offer for USD 115.0 million of 9.375 percent senior notes due 2030. The offer price is USD 26.3841 per note, equal to 104.00 percent of the USD 25.00 principal amount, with the offer scheduled to expire on October 13, 2026.
The company deposited USD 123.1 million with the trustee to cover tendered notes, future interest and potential redemptions. Notes that remain outstanding are scheduled for redemption on May 17, 2027 at USD 25.00 per note plus accrued interest.
Mortgage assets remain the core
Two Harbors remains a mortgage real estate investment trust focused on mortgage servicing rights, residential mortgage-backed securities and related financial assets. Its latest investor-relations page identifies Q2 2026 as the quarter ended June 30, 2026, while the completed transaction now defines the company as a private subsidiary rather than a standalone listed equity.
For former common shareholders, the key comparison is the fixed USD 12.00 cash payout against the additional USD 0.20326 dividend. For noteholders, the USD 26.3841 offer provides a separate 104.00 percent cash price against the USD 25.00 principal value.
Two Harbors company facts
- Company: Two Harbors Investment Corp.
- ISIN: US90187B1017
- Ticker: TWO
- Primary exchange: NYSE, historical common-stock listing
- Sector / Industry: Real Estate / Mortgage REIT
- Merger consideration: USD 12.00 per common share
- Stub-period dividend: USD 0.20326 per common share
