Form 8-K

8-K — TWO HARBORS INVESTMENT CORP.

Accession: 0001104659-26-063828

Filed: 2026-05-19

Period: 2026-05-19

CIK: 0001465740

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

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UNITED STATES

SECURITIES AND

EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section

13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 19, 2026

Two Harbors Investment

Corp.

(Exact name of registrant

as specified in its charter)

Maryland

001-34506

27-0312904

(State or

other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer Identification No.)

1601

Utica Avenue South, Suite 900

St. Louis Park, MN

55416

(Address of Principal Executive Offices)

(Zip Code)

(612) 453-4100

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address,

if changed since last report)

Check the appropriate box below if the

Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class:

Trading

Symbol(s)

Name of Exchange on Which Registered:

Common Stock, par value $0.01 per share

TWO

New York Stock Exchange

8.125% Series A Cumulative Redeemable Preferred Stock

TWO PRA

New York Stock Exchange

7.625% Series B Cumulative Redeemable Preferred Stock

TWO PRB

New York Stock Exchange

7.25% Series C Cumulative Redeemable Preferred Stock

TWO PRC

New York Stock Exchange

9.375% Senior Notes Due 2030

TWOD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933

(17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging Growth Company¨

If an emerging growth company, indicate

by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events.

On May 19, 2026, Two

Harbors Investment Corp. (“TWO”) issued a press release announcing the adjournment of its previously announced virtual special

meeting of stockholders in connection with the proposed transaction between TWO and CrossCountry Intermediate Holdco, LLC, an affiliate

of CrossCountry Mortgage, LLC (“CCM”). A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated

herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Description

99.1

Press Release, dated May 19, 2026

104

Cover Page Interactive Data File, formatted in Inline XBRL

FORWARD-LOOKING STATEMENTS

This report on Form 8-K

may contain “forward-looking statements,” including certain plans, expectations, goals, projections and statements about the

proposed CCM transaction, TWO’s and CCM’s plans, objectives, expectations and intentions, the expected timing of completion

of the proposed CCM transaction, the ability of the parties to complete the proposed CCM transaction considering the various closing conditions;

and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements

that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.

The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933,

as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act

of 1995. All statements, other than statements of historical fact, included in this report on Form 8-K that address activities, events

or developments that TWO or CCM expects, believes or anticipates will or may occur in the future are forward-looking statements. Words

such as “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,”

“create,” “estimate,” “plan,” “continue,” “intend,” “could,” “foresee,”

“should,” “would,” “may,” “will,” “guidance,” “look,” “outlook,”

“goal,” “future,” “assume,” “forecast,” “build,” “focus,” “work,”

or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion

of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements

are not forward-looking. Projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect

actual results. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that

are difficult to predict. TWO’s ability to predict results or the actual effect of future events, actions, plans or strategies is

inherently uncertain. Although TWO believes the expectations reflected in any forward-looking statements are based on reasonable assumptions,

it can give no assurance that its expectations will be attained and therefore, actual outcomes and results may differ materially from

what is expressed or forecasted in such forward-looking statements.

There are a number of risks

and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this report on

Form 8-K. These include, among other things: the expected timing and likelihood of completion of the proposed CCM transaction; the

occurrence of any event, change or other circumstances that could give rise to the termination of the proposed CCM transaction; the potential

failure to receive, on a timely basis or otherwise, the required approvals of the proposed CCM transaction, including stockholder approval

by TWO stockholders, and the potential failure to satisfy the other conditions to the consummation of the proposed CCM transaction in

a timely manner or at all; risks related to disruption of management’s attention from ongoing business operations due to the proposed

CCM transaction; the risk that any announcements relating to the proposed CCM transaction could have adverse effects on the market price

of TWO common stock; the risk that the proposed CCM transaction and its announcement could have an adverse effect on the ability of TWO

to retain and hire key personnel and the effect on TWO’s operating results and business generally; the outcome of any legal proceedings

relating to the proposed CCM transaction, including stockholder litigation in connection with the proposed CCM transaction; the risk that

restrictions during the pendency of the proposed CCM transaction may impact TWO’s ability to pursue certain business opportunities

or strategic transactions; that TWO may be adversely affected by other economic, business or competitive factors; changes in future loan

production; the availability of suitable investment opportunities; changes in interest rates; changes in the yield curve; changes in prepayment

rates; the availability and terms of financing; general economic conditions and market conditions; conditions in the market for mortgage-related

investments; and legislative and regulatory changes that could adversely affect TWO’s business. All such factors are difficult to

predict and are beyond the control of TWO and CCM, including those detailed in TWO’s annual reports on Form 10-K, quarterly

reports on Form 10-Q and periodic reports on Form 8-K that are available on TWO’s website at www.twoinv.com/investors

and on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov.

Each of the forward-looking

statements of TWO is based on assumptions that TWO believes to be reasonable but that may not prove to be accurate. Any forward-looking

statement speaks only as of the date on which such statement is made, and TWO does not undertake any obligation to correct or update any

forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers

are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed

CCM transaction, TWO filed with the SEC a definitive proxy statement (the “Proxy Statement”) on April 20, 2026. The Proxy

Statement was first mailed to TWO stockholders on or about April 20, 2026, and was thereafter supplemented. The proposed CCM transaction

will be submitted to the TWO stockholders for their approval. TWO may also file other documents with the SEC regarding the proposed CCM

transaction. The Proxy Statement contains important information about the proposed CCM transaction and related matters. This report on

Form 8-K is not a substitute for the Proxy Statement or any other documents that TWO may file with the SEC or send to TWO stockholders

in connection with the proposed CCM transaction. INVESTORS AND SECURITYHOLDERS OF TWO ARE ADVISED TO READ THE PROXY STATEMENT REGARDING

THE PROPOSED CCM TRANSACTION (INCLUDING ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS

OR SUPPLEMENTS TO THESE DOCUMENTS) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE

PROPOSED CCM TRANSACTION AND RELATED MATTERS. Investors and securityholders may obtain a free copy of the Proxy Statement and all

other documents filed or that will be filed with the SEC by TWO on the SEC’s website at www.sec.gov. Copies of documents filed with

the SEC by TWO will be made available free of charge on TWO’s website at www.twoinv.com/investors or by directing a request to:

Two Harbors Investment Corp., 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, Attention: Investor Relations.

PARTICIPANTS IN THE SOLICITATION

TWO and its directors, executive

officers and certain other members of management and employees of TWO may be deemed to be “participants” in the solicitation

of proxies from the TWO stockholders in connection with the proposed CCM transaction. Securityholders can find information about TWO and

its directors and executive officers and their ownership of TWO common stock in the Proxy Statement. Please also refer to the sections

in TWO’s Form 10-K/A filed with the SEC on April 27, 2026, captioned “Compensation Discussion and Analysis,”

“Summary Compensation Table” and “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related

Stockholder Matters.” Any changes in the holdings of TWO’s securities by its directors or executive officers from the amounts

described in the Form 10-K/A have been reflected in Statements of Change in Ownership on Form 4 filed with the SEC subsequent

to the filing date of the Form 10-K/A and are available on the SEC’s website at www.sec.gov. Additional information regarding

the interests of such individuals in the proposed CCM transaction is included in the Proxy Statement relating to the proposed CCM transaction.

Free copies of these documents may be obtained as described in the preceding paragraph.

SIGNATURE

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

TWO HARBORS INVESTMENT CORP.

By:

/s/ Rebecca B. Sandberg

Rebecca B. Sandberg

Chief Legal Officer and Secretary

Date: May 19, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2615025d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

TWO Announces Adjournment of Special Meeting

TWO Board Continues to Unanimously Recommend

Stockholders Vote “FOR”

the Pending CrossCountry Transaction

The Special Meeting of Stockholders Will

Reconvene on May 28, 2026 at 10:00 a.m. Eastern Time

Stockholders Who Previously Voted in Favor

of the CCM Transaction Need Take No Action

New York, May 19, 2026 – TWO

(Two Harbors Investment Corp., NYSE: TWO), an MSR-focused REIT, today adjourned its Special Meeting of Stockholders in order to provide

additional time for the Company to solicit additional proxies and for stockholders to vote in favor of TWO’s acquisition by CrossCountry

Intermediate Holdco, LLC, a Delaware limited liability company and an affiliate of CrossCountry Mortgage, LLC (“CCM”). Stockholders

who have not yet voted or submitted proxies are encouraged to do so.

The TWO Board of Directors continues to unanimously recommend that

stockholders vote “FOR” the CCM transaction and urges stockholders to vote the WHITE proxy card “FOR” the CCM

merger proposal. Stockholders who have previously voted in favor of the CCM transaction need take no further action.

Special Meeting Details

The Special Meeting was adjourned until May 28,

2026 at 10:00 a.m. Eastern Time. It will be held virtually at TWO’s Special Meeting website, www.virtualshareholdermeeting.com/TWO2026SM.

The record date for the adjourned Special Meeting of Stockholders remains April 15, 2026.

Proxies previously submitted in connection with

the CCM transaction will be voted at the reconvened meeting unless properly revoked. Stockholders who have not already voted or wish to

change their votes are encouraged to do so promptly using the instructions provided in their voting instruction form or proxy card. The

TWO Board of Directors determined, and continues to believe, that the proposed CCM transaction is in the best interests of the TWO stockholders

and unanimously recommends stockholders support the CCM transaction and vote “FOR” each proposal at the Special Meeting.

Each stockholder’s vote is important, regardless of the number of shares held.

TWO urges its stockholders to read all relevant

documents that are filed or will be filed with the U.S. Securities and Exchange Commission (“SEC”), including TWO’s

definitive proxy statement dated April 20, 2026, as supplemented (the “Proxy Statement”).

TWO stockholders who need assistance completing

their proxy card or have questions regarding the Special Meeting of Stockholders may contact TWO’s proxy solicitor:

D.F. King & Co., Inc.

28 Liberty Street, 53rd Floor

New York, NY 10005

Email: TWO@dfking.com

Banks and Brokers, please call: (646) 677-2516

Toll-Free: (888) 887-0082

Litigation Update

As previously disclosed on May 15, 2026,

a hearing was held yesterday in the United States District Court for the District of Maryland, Northern Division, in the matter of Assad

v. Two Harbors Investment Corp., et al., No. 1:26-cv-01896-JRR on plaintiff’s motion for temporary restraining order seeking

to delay the stockholder vote on the CCM transaction scheduled for May 19, 2026 due to alleged material misstatements and omissions

in the Proxy Statement regarding the CCM transaction. In a bench ruling, the Court found in favor of TWO, finding that plaintiff failed

to show likelihood of success on the merits to justify a restraining order. The Court also dismissed as moot plaintiff’s motion

for preliminary injunction to enjoin the stockholder vote. The Court found that plaintiff failed to adequately allege that TWO’s

proxy disclosures were materially misleading and found that the Proxy Statement’s disclosures were sufficient in describing the

sale process.

History of the Merger

As previously announced on March 27, 2026,

TWO and CCM entered into a definitive merger agreement, which was later amended, under which CCM will acquire all outstanding shares of

TWO common stock in an all-cash transaction. Under the terms of the CCM merger agreement, as amended, TWO common stockholders will receive

$12.00 in cash for each share of TWO common stock, plus additional value from the second quarter dividend and a pro-rated dividend for

the third quarter, assuming a third quarter closing. Holders of TWO’s Series A, Series B and Series C Preferred Stock

will have their shares redeemed following the closing of the transaction at $25.00 per share, plus any accumulated and unpaid dividends,

in accordance with the terms of the preferred stock. The completion of the transaction is subject to approval of TWO’s stockholders

and the satisfaction of other closing conditions, including customary regulatory approvals.

About TWO

TWO (Two Harbors Investment Corp., NYSE: TWO),

a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities

and other financial assets. TWO is headquartered in St. Louis Park, MN.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking

statements,” including certain plans, expectations, goals, projections and statements about the proposed CCM transaction, TWO’s

and CCM’s plans, objectives, expectations and intentions, the expected timing of completion of the proposed CCM transaction, the

ability of the parties to complete the proposed CCM transaction considering the various closing conditions; and other statements that

are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe

historical or current facts, including statements about beliefs and expectations, are forward-looking statements. The forward-looking

statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E

of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than

statements of historical fact, included in this press release that address activities, events or developments that TWO or CCM expects,

believes or anticipates will or may occur in the future are forward-looking statements. Words such as “project,” “predict,”

“believe,” “expect,” “anticipate,” “potential,” “create,” “estimate,”

“plan,” “continue,” “intend,” “could,” “foresee,” “should,” “would,”

“may,” “will,” “guidance,” “look,” “outlook,” “goal,” “future,”

“assume,” “forecast,” “build,” “focus,” “work,” or the negative of such terms

or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions,

or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking.

Projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. These statements

are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. TWO’s

ability to predict results or the actual effect of future events, actions, plans or strategies is inherently uncertain. Although TWO believes

the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations

will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking

statements.

There are a number of risks and uncertainties

that could cause actual results to differ materially from the forward-looking statements included in this press release. These include,

among other things: the payment of future dividends by TWO, the expected timing and likelihood of completion of the proposed CCM transaction;

the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed CCM transaction; the

potential failure to receive, on a timely basis or otherwise, the required approvals of the proposed CCM transaction, including stockholder

approval by TWO stockholders, and the potential failure to satisfy the other conditions to the consummation of the proposed CCM transaction

in a timely manner or at all; risks related to disruption of management’s attention from ongoing business operations due to the

proposed CCM transaction; the risk that any announcements relating to the proposed CCM transaction could have adverse effects on the market

price of TWO common stock; the risk that the proposed CCM transaction and its announcement could have an adverse effect on the ability

of TWO to retain and hire key personnel and the effect on TWO’s operating results and business generally; the outcome of any legal

proceedings relating to the proposed CCM transaction, including stockholder litigation in connection with the proposed CCM transaction;

the risk that restrictions during the pendency of the proposed CCM transaction may impact TWO’s ability to pursue certain business

opportunities or strategic transactions; that TWO may be adversely affected by other economic, business or competitive factors; changes

in future loan production; the availability of suitable investment opportunities; changes in interest rates; changes in the yield curve;

changes in prepayment rates; the availability and terms of financing; general economic conditions and market conditions; conditions in

the market for mortgage-related investments; and legislative and regulatory changes that could adversely affect TWO’s business.

All such factors are difficult to predict and are beyond the control of TWO and CCM, including those detailed in TWO’s annual reports

on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K that are available on TWO’s website

at www.twoinv.com/investors and on the SEC’s website at www.sec.gov.

Each of the forward-looking statements of TWO

is based on assumptions that TWO believes to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks

only as of the date on which such statement is made, and TWO does not undertake any obligation to correct or update any forward-looking

statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned

not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed CCM transaction,

TWO filed with the SEC the Proxy Statement. The Proxy Statement was first mailed to TWO stockholders on or about April 20, 2026,

and was thereafter supplemented. The proposed CCM transaction will be submitted to the TWO stockholders for their approval. TWO may also

file other documents with the SEC regarding the proposed CCM transaction. The Proxy Statement contains important information about the

proposed CCM transaction and related matters. This press release is not a substitute for the Proxy Statement or any other documents that

TWO may file with the SEC or send to TWO stockholders in connection with the proposed CCM transaction. INVESTORS AND SECURITYHOLDERS

OF TWO ARE ADVISED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED CCM TRANSACTION (INCLUDING ALL OTHER RELEVANT DOCUMENTS THAT ARE

FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS) CAREFULLY AND IN THEIR ENTIRETY BECAUSE

THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED CCM TRANSACTION AND RELATED MATTERS. Investors and securityholders

may obtain a free copy of the Proxy Statement and all other documents filed or that will be filed with the SEC by TWO on the SEC’s

website at www.sec.gov. Copies of documents filed with the SEC by TWO will be made available free of charge on TWO’s website at

www.twoinv.com/investors or by directing a request to: Two Harbors Investment Corp., 1601 Utica Avenue South, Suite 900, St. Louis

Park, MN 55416, Attention: Investor Relations.

PARTICIPANTS IN THE SOLICITATION

TWO and its directors, executive officers and

certain other members of management and employees of TWO may be deemed to be “participants” in the solicitation of proxies

from the TWO stockholders in connection with the proposed CCM transaction. Securityholders can find information about TWO and its directors

and executive officers and their ownership of TWO common stock in the Proxy Statement. Please also refer to the sections in TWO’s

Form 10-K/A filed with the SEC on April 27, 2026, captioned “Compensation Discussion and Analysis,” “Summary

Compensation Table” and “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”

Any changes in the holdings of TWO’s securities by its directors or executive officers from the amounts described in the Form 10-K/A

have been reflected in Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Form 10-K/A

and are available on the SEC’s website at www.sec.gov. Additional information regarding the interests of such individuals in the

proposed CCM transaction is included in the Proxy Statement relating to the proposed CCM transaction. Free copies of these documents may

be obtained as described in the preceding paragraph.

View source version on businesswire.com:

https://www.businesswire.com/news/home/20260518545153/en/

TWO Investor Relations

investors@twoinv.com

Source: Two Harbors Investment Corp.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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