TWO adjourns special meeting to May 28 for CrossCountry acquisition vote

Two Harbors Investment Corp. (NYSE: TWO) adjourned its special stockholders meeting to May 28, 2026, at 10:00 a.m. Eastern Time to allow more time for proxy solicitation regarding its proposed acquisition by CrossCountry Intermediate Holdco, LLC, an affiliate of CrossCountry Mortgage, LLC.

The company's board continues to unanimously recommend stockholders vote in favor of the transaction. Stockholders who previously voted for the merger need not take additional action, while those who have not voted are encouraged to do so promptly.

The virtual meeting will be held at www.virtualshareholdermeeting.com/TWO2026SM, with the record date remaining April 15, 2026. Previously submitted proxies will be counted at the reconvened meeting unless revoked.

Under the merger agreement announced March 27, 2026, TWO stockholders will receive $12.00 per share in cash, plus additional value from second quarter dividends and a prorated third quarter dividend if the transaction closes in the third quarter. Preferred stockholders will receive $25.00 per share plus accumulated unpaid dividends.

A federal court in Maryland ruled against a plaintiff's motion for a temporary restraining order that sought to delay the stockholder vote. The court found the plaintiff failed to demonstrate likelihood of success and determined TWO's proxy disclosures were sufficient.

The transaction requires stockholder approval and satisfaction of other closing conditions, including regulatory approvals. TWO is a real estate investment trust focused on mortgage servicing rights and residential mortgage-backed securities.

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