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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
CrossCountry Mortgage will acquire Two Harbors Investment Corp for $10.80 per share in an all-cash deal. All preferred shares will be redeemed at $25 plus accrued dividends, with Series C offering a 10% yield to maturity. The deal is expected to close by September 2026 following a failed previous merger attempt with UWMC.