CrossCountry Mortgage Sweetens Merger Offer with Pro-Rated Dividend Ahead of Shareholder Vote

summarizeSummary

CrossCountry Mortgage has enhanced its acquisition offer for Two Harbors by including a pro-rated dividend, increasing the total cash value per share to $12.45-$12.68, just before the critical shareholder vote.

check_boxKey Events

• Increased Acquisition Value

  CrossCountry Mortgage will provide an additional pro-rated dividend to Two Harbors stockholders upon closing of the acquisition.

• Total Cash Consideration Enhanced

  The combined merger consideration, second-quarter dividend, and pro-rated third-quarter dividend will deliver a total cash value of approximately $12.45 to $12.68 per share to all stockholders.

• Shareholder Vote Imminent

  This enhanced offer comes ahead of the special shareholder meeting on May 19, 2026, where stockholders will vote on the CrossCountry merger.

• Strategic Move to Secure Approval

  The additional value is intended to solidify shareholder support for the CrossCountry merger over a competing, non-binding proposal from UWMC.

auto_awesomeAnalysis

CrossCountry Mortgage has increased the total cash value for Two Harbors shareholders by adding a pro-rated dividend to its acquisition offer. This move, coming just days before the May 19th shareholder vote, aims to secure approval for the merger, especially in light of a competing, less certain proposal. The additional dividend increases the total cash value per share to between $12.45 and $12.68, providing a more attractive exit for shareholders.