Two Harbors redeems preferred stock
It redempts Series A, B and C Cumulative Redeemable Preferred Stock at $25.00 per share plus accrued dividends on September 28, 2026.
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Residential mortgage real estate investment trust
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In short: Two Harbors completed its merger with CrossCountry Mortgage for $12.00 per share while facing a $500 million lawsuit from UWM Holdings.
It redempts Series A, B and C Cumulative Redeemable Preferred Stock at $25.00 per share plus accrued dividends on September 28, 2026.
The transaction closes on August 25, 2026, granting shareholders $12.00 per share in cash plus a $0.20326 dividend.
The payout accompanies the pending CrossCountry Mortgage merger closing on August 3, 2026, and applies to shareholders holding shares through the effective time.
Investors receive $12.00 per share in cash plus a pro-rated stub dividend, with transaction completion anticipated by August following remaining regulatory approvals.
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