TWO ((Two Harbors Investment Corp., NYSE:TWO), an MSR-focused REIT, today announced that it has received the final regulatory approval for its previously announced merger with CrossCountry Mortgage, LLC ("CCM"). The merger is expected to close prior to market open on August 25, 2026.

At closing, CrossCountry Merger Corp., a wholly owned subsidiary of CCM, will merge with and into TWO, with TWO surviving the merger as a wholly owned subsidiary of CCM. TWO stockholders will be entitled to receive $12.00 per share in cash for each share of TWO common stock held immediately prior to the effective time of the merger. In addition, TWO stockholders of record at the close of business on August 24, 2026 will be entitled to receive a stub period dividend in an amount equal to $0.20326 per share of TWO common stock. The stub period dividend will be paid with the merger consideration and will not reduce or otherwise affect the merger consideration.