Two Harbors Investment Corp. has secured required state and agency approvals from all but one state for its planned sale to CrossCountry Intermediate Holdco LLC, which will change the previously estimated stub dividend tied to the merger timeline.

As previously disclosed, CCM will pay a “stub period” dividend to common shareholders in connection with the TWO transaction. In earlier materials, the companies estimated a stub dividend of $0.12196 per share based on an anticipated Aug. 3 closing date.

Because the deal will now close later, the stub dividend will be recalculated based on the actual closing date. The amount will details ⇒

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