Merger Partner Waives Restriction, Allows Pro-Rated Dividend for Two Harbors Shareholders

summarizeSummary

Two Harbors' merger partner, CrossCountry Intermediate Holdco, has waived a restriction, enabling Two Harbors to pay a pro-rated dividend to shareholders before the acquisition closes, adding value to the all-cash deal.

check_boxKey Events

• Dividend Restriction Waived

  CrossCountry Intermediate Holdco (CCM) and its Merger Sub have irrevocably waived a restriction in the definitive merger agreement dated March 27, 2026, as amended.

• Pro-Rated Dividend Approved

  This waiver permits Two Harbors to declare and pay a pro-rated dividend on its common stock for the quarter in which the proposed merger closes.

• Shareholder Benefit

  The Permitted Stub Period Dividend, up to $0.34 per share, will be paid to Two Harbors stockholders of record immediately prior to the merger's effective time, conditioned on the merger closing.

auto_awesomeAnalysis

CrossCountry Intermediate Holdco (CCM), the acquiring company, has irrevocably waived a restriction in the merger agreement, allowing Two Harbors to pay a pro-rated dividend to its common stockholders for the quarter in which the merger closes. This provides additional value to shareholders beyond the recently increased acquisition price of $12.00 per share, further sweetening the deal.