With only one state approval outstanding, Two Harbors nears the close of its CCM merger and recalculates the stub dividend.

summarizeSummary

Two Harbors has received all but one state regulatory approval for its CCM merger and will close the business day after the final approval. The stub dividend will be recalculated based on the actual closing date, likely exceeding the prior $0.12196 estimate.

check_boxKey Events · M&A and Partnerships · TWO

• Merger Nears Completion

  All required state regulatory and agency approvals for the CCM merger have been secured except one. Closing will occur the business day after the final approval is obtained.

• Stub Dividend Recalculated

  The stub dividend will be based on the actual closing date, calculated as $0.34 × (days since Q2 end / 92). The prior estimate of $0.12196 assumed an August 3 close; the actual amount will be higher for each day the closing is delayed.

• Merger Consideration Unchanged

  The stub dividend does not reduce the $12.00 per share merger consideration. Shareholders receive both the merger price and the stub dividend.

• Imminent Closing Expected

  With only one state approval outstanding, the merger is likely to close within days, removing the final regulatory hurdle and allowing the transaction to proceed.

auto_awesomeAnalysis · TWO · Real Estate & Construction

Just one state regulatory approval now stands between Two Harbors and the completion of its merger with CrossCountry Mortgage. The stub dividend will be recalculated based on the actual closing date—previously estimated at $0.12196 for an August 3 close, but now expected to be higher as each day adds roughly $0.0037. This update signals that the deal is imminent, removing a key uncertainty for shareholders.