{"schema_version":"secwatch.filing_event.v1","accession":"0001465740-26-000024","form_type":"8-K","ticker":"TWO","cik":"0001465740","company_name":"TWO HARBORS INVESTMENT CORP.","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.317310+00:00","generated_at":"2026-05-15T02:50:21.627388+00:00","sec_items":["2.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Two Harbors Q1 2026: New merger with CrossCountry Mortgage at $11.30/share","bullets":["Entered definitive merger with CCM at $11.30/share (up from $10.80), terminated prior UWM deal.","Q1 comprehensive loss of $24.7M ($0.24/share), GAAP net income $19.5M ($0.18/share).","Book value $10.57, declared $0.34 dividend, quarterly economic return on book value (2.0%).","MSR portfolio $2.38B, weighted average gross coupon 3.54%, 60+ day delinquencies 0.81%.","Transaction expected H2 2026; preferred stock redeemed at $25/share plus dividends."],"urls":{"canonical":"https://secwatch.observer/filing/0001465740-26-000024","json":"https://secwatch.observer/filing/0001465740-26-000024.json","markdown":"https://secwatch.observer/filing/0001465740-26-000024.md","text":"https://secwatch.observer/filing/0001465740-26-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1465740/000146574026000024/0001465740-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1465740/000146574026000024/two-20260428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:50:21.627388+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5634c53ea1d5c652e07fed9789b3b2cd1a348131","claim":"TWO HARBORS INVESTMENT CORP. reported the fiscal quarter ended March 31, 2026 results: net income $ 19,477, EPS $ 0.18.","evidence_excerpt":"age basic common share Annualized return on average common equity Earnings Per weighted average basic common share Annualized return on average common equity Comprehensive (Loss) Income $ (24,714) $ (0.24) (8.4) % $ 50,429 $ 0.48 17.2 % GAAP Net Income (Loss) $ 19,477 $ 0.18 6.6 % $ (1,325) $ (0.02) (0.5) % Earnings Available for Distribution (1) $ 35,756 $ 0.34 12.2 % $ 27,435 $ 0.26 9.4 % Operating Metrics Dividend per common share $ 0.34 $ 0.34 Annualized dividend yield (2) 11.9 % 13.0 % Book value per common share at period end $ 10.57 $ 11.13 Economic return on book value (3) (2.0) % 3.9 % Operating expenses, excluding non-cash LTIP amortization and merger-related costs (4) $ 39,391 $ 43,699 Operating expenses, excluding non-cash LTIP amortization and merger-related costs, as a percentage of average equity (4) 8.8 % 9.7 % _______________ (1) Earnings Available for Distribution, or E","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1465740/000146574026000024/0001465740-26-000024-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2026"},{"label":"Net income","value":"$ 19,477"},{"label":"EPS","value":"$ 0.18"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}