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Two Harbors CFO, CIO, CLO, CRO, CAO depart; CEO to leave Oct 2; new CFO appointed
On Sept 4, 2026, CFO William Dellal, CIO Nicholas Letica, CLO Rebecca Sandberg, CRO Robert Rush, and CAO Alecia Hanson terminated immediately.
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Two Harbors completes $12.00/share merger with CrossCountry Mortgage; delists
Merger completed Aug 25, 2026: TWO stockholders receive $12.00/share cash plus $0.20326 stub dividend.
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Two Harbors receives all but one state approval for CCM merger; stub dividend recalculated
Received required state regulatory approvals from all but one state for the CCM merger; final approval pending.
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Two Harbors reports Q2 results; merger with CrossCountry Mortgage at $12.00/share to close Aug 3
Merger with CrossCountry Mortgage (CCM) at $12.00 per share approved by stockholders; expected to close August 3, 2026.
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Two Harbors stockholders approve merger with CrossCountry Mortgage; $12.00 per share cash consideration
Stockholders voted 54.3M for, 23.6M against to approve merger with CrossCountry Mortgage (CCM).
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Two Harbors adjourns special meeting to July 2 for extra proxy solicitation on CCM acquisition
Special meeting adjourned to July 2, 2026 at 10:00 a.m. ET; record date remains April 15, 2026.
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Two Harbors postpones special meeting on CrossCountry deal to June 23
Special meeting postponed from June 8 to June 23, 2026, at 10:00 a.m. ET.
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Two Harbors adjourns special meeting on CCM deal to June 11; board reaffirms support
Adjourned to June 11, 2026 at 10:00 AM ET; record date still April 15.
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Two Harbors adjourns special meeting for CCM acquisition to May 28; court denies TRO
Special meeting adjourned to May 28, 2026 at 10:00 a.m. ET for additional proxy solicitation.
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Stockholder lawsuit filed against Two Harbors, seeks to enjoin May 19 merger vote
George Assad filed complaint May 13, 2026 in MD federal court against Two Harbors and directors.
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Two Harbors gets waiver to pay stub dividend up to $0.34/share if merger closes after quarter end
CCM waived Section 6.1(b)(i) restrictions to permit a pro-rated dividend for the quarter in which the merger closes.
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Two Harbors raises all-cash merger consideration to $12.00/share in amended CrossCountry deal
Per-share cash consideration increased by $0.70 to $12.00, a 21% premium to the unaffected share price.
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Two Harbors raises CCM merger cash consideration to $11.30/share after competing UWM bid
Per-share cash consideration increased to $11.30 from $10.80; special meeting remains May 19, 2026.
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Two Harbors Q1 2026: New merger with CrossCountry Mortgage at $11.30/share
Entered definitive merger with CCM at $11.30/share (up from $10.80), terminated prior UWM deal.
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Two Harbors to be acquired by CrossCountry Mortgage affiliate for $10.80/share cash; terminates UWM deal
Stockholders receive $10.80/share cash in merger with CrossCountry affiliate; board unanimously approved.
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TWO receives superior proposal from CCM at $10.70/shr; also a $10.75/shr bid; UWMC match right active
CCM offers $10.70/share cash plus payment of $25.4M termination fee to UWMC.
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Two Harbors receives unsolicited $10.70/share cash bid; ad hoc committee deems it could be superior to UWMC merger
Unsolicited proposal to buy all outstanding shares of TWO common stock at $10.70 per share in cash.
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Two Harbors adjourns special meeting on UWM merger to March 24 for more proxy solicitation
Special meeting adjourned to March 24, 2026 at 11:00 a.m. ET to allow additional voting on merger with UWM Holdings Corporation.
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Two Harbors agrees to be acquired by UWMC in all-stock deal valued at $11.94/sh; reports Q4 earnings
Two Harbors stockholders to receive 2.3328 UWMC shares per TWO share, representing a 21% premium to 30-day VWAP.
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UWM to acquire Two Harbors in all-stock deal valued at $1.3B
Two Harbors stockholders get 2.3328 UWMC shares per TWO share, a 21% premium over 30-day VWAP.
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Two Harbors to merge with UWM in all-stock deal valued at $1.3B
Each TWO common share to receive 2.3328 UWM Class A shares; equity value ~$1.3B.
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Two Harbors Q3 comprehensive loss $80.2M; includes $175.1M litigation settlement; book value $11.04
Comprehensive loss of $80.2M ($0.77 per share); GAAP net loss $141.2M ($1.36 per share).
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Two Harbors files new ATM program to sell up to 15M shares via Citizens JMP and BTIG
Offers up to 15,000,000 shares of common stock under at-the-market program.
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Two Harbors settles Pine River litigation for $375M, declares Q3 dividend $0.34/share
Resolved all claims with Pine River for a one-time cash payment of $375M, payable within 30 days.
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Two Harbors corrects Q2 financials: comprehensive loss $221.8M, contingency $199.9M
Corrected calculation of total liabilities, interest expense, and MSR bulk purchases count in press release and presentation.
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Two Harbors posts $221.8M comprehensive loss; $199.9M litigation charge sinks book value to $12.14
Comprehensive loss of $221.8M ($2.13/share); GAAP net loss $272.3M ($2.62/share).
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Two Harbors records $198.9M contingency liability after court ruling in PRCM dispute
Court overruled company's objections; granted plaintiffs' summary judgment that Two Harbors had no cause to terminate management agreement.
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Two Harbors annual meeting results: all proposals approved
Shareholders elected eight directors to board until 2026 meeting, each with majority support.
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Two Harbors closes $115M offering of 9.375% Senior Notes due 2030; net proceeds ~$110.8M
Issued $115M aggregate principal of 9.375% Senior Notes due 2030; includes $15M over-allotment exercised.
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Two Harbors issues $100M 9.375% Senior Notes due 2030; underwriters can add $15M
$100M aggregate principal of 9.375% Senior Notes due 2030; 30-day over-allotment option for additional $15M.
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Two Harbors reports Q1 comprehensive income $64.9M ($0.62/share); book value $14.66; GAAP net loss $92.2M
Book value per common share $14.66, up from $14.47 at Dec 2024; quarterly dividend $0.45 (4.4% economic return).
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Two Harbors CFO William Dellal rescinds planned resignation, will remain in role
William Dellal continues as Vice President and CFO; prior resignation effective May 5, 2025 is withdrawn.
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Two Harbors Q4 comprehensive loss $0.03/sh; book value $14.47; dividend $0.45 flat
Comprehensive loss of $1.6M ($0.03/sh); GAAP net income $264.9M ($2.54/sh) on mark-to-market gains.
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Two Harbors appoints Travis Swenson as CFO effective May 5, 2025; interim CFO Dellal to resign
Travis Swenson named CFO, effective May 5, 2025; will serve as Deputy CFO until then.
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Two Harbors Q3 comprehensive income $19.3M; GAAP net loss $250M; book value $14.93
Comprehensive income $19.3M ($0.18/share); GAAP net loss $250.3M ($2.42/share) due to mark-to-market on MSR and RMBS.
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Two Harbors appoints Jillian Halm as CAO; Blake Johnson resigns as Acting CAO
Blake Johnson resigns as Acting CAO effective no later than Oct 25, 2024; remains in non-officer role through transition.
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CFO Mary Riskey retires; William Dellal named interim CFO; Blake Johnson acting CAO
Mary Riskey resigned as VP and CFO on Aug 1, 2024, consistent with previously announced retirement.
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Two Harbors increases ATM equity capacity to 15M shares
Amendment to Equity Distribution Agreement with Citizens JMP Securities raises maximum shares to 15,000,000.
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Two Harbors reports Q2 book value $15.19, flat economic return; dividend $0.45
Comprehensive income of $0.5M ($0.00 EPS); GAAP net income $44.6M ($0.43 EPS).
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Two Harbors shareholders elect all nine directors, approve say-on-pay, ratify E&Y
All nine director nominees elected with >60M votes for each; broker non-votes of ~16.6M shares.
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Two Harbors Q1 book value $15.64/shr, comprehensive income $89.4M ($0.85/shr)
Book value per common share $15.64, up from $15.21 in Q4 2023; quarterly economic return on book value of 5.8%.
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Two Harbors appoints Sanjiv Das as Director; adds mortgage and AI expertise
Sanjiv Das appointed to Board effective March 4, 2024; will stand for election at 2024 Annual Meeting.
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Two Harbors updates ATM equity offering program with new shelf and amended distribution agreement
Filed new shelf registration statement on Form S-3 replacing prior shelf.
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Two Harbors CFO Mary Riskey to retire; external search for successor initiated
Mary Riskey to retire as VP and CFO, effective no later than August 1, 2024.
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Two Harbors reports Q4 2023 book value $15.21, comprehensive income $38.9M ($0.40/share), dividend $0.45
Book value per common share $15.21; quarterly dividend $0.45 per share; 2.0% quarterly economic return on book value.
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Two Harbors posts Q3 comprehensive loss of $56.8M; BV drops to $15.36; completed RoundPoint acquisition
Comprehensive loss of $56.8M ($0.61/sh) vs GAAP net income $294M due to market-driven value changes.
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Two Harbors completes acquisition of RoundPoint Mortgage Servicing for $23.6M preliminary price
Matrix, a wholly-owned subsidiary, paid $23.6M preliminary purchase price to Freedom Mortgage Corp, consisting of tangible net book value plus $10.5M premium subject to adjustments.
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Two Harbors adopts amended clawback policy effective Dec 1, 2023 to comply with SEC/NYSE rules
Board approved amended Incentive Compensation Recoupment Policy on September 19, 2023.
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Two Harbors Q2 book value $16.39, GAAP net income $187.8M; dividend cut to $0.45
Book value per common share $16.39 vs $16.48 prior Q; quarterly economic return 2.2%.
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Two Harbors annual meeting: directors elected, say-on-pay and auditor ratified
All eight board nominees elected; each received >50M votes for vs. <7M against.