secwatch.observer — SEC 8-K summary
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Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001465740-26-000024
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors Q1 2026: New merger with CrossCountry Mortgage at $11.30/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000146574026000024/0001465740-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000146574026000024/two-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001465740-26-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer