TWOD will cease trading on 10/02/2026 (probably end of day). Investors can sell shares in the market until 10/02/2026, tender for $26.3841 per share, or do nothing and receive about $26.7578 later. Tendering shares offers faster liquidity and, when reinvested in Treasury bill ETFs, yields a better outcome than waiting for final redemption.
CrossCountry Mortgage is set to purchase Two Harbors Investment Corp. after shareholder approvals and regulatory approvals. The estimated timeline projects a Q3 2026 completion of the merger. CrossCountry Mortgage is a private entity, hence it triggers change of control provisions.