Two Harbors Adjourns Shareholder Meeting, Reschedules Merger Vote for March 24

Two Harbors Investment Corp. walked away from its Special Meeting of Stockholders on March 16 without a completed vote, adjourning the session to give shareholders more time to weigh in on the company's proposed acquisition by UWM Holdings Corporation.

The Minnesota-based mortgage real estate investment trust, which trades on the New York Stock Exchange under the ticker TWO, pushed the reconvened meeting to March 24, 2026 at 11:00 a.m. Eastern Time. The session will be held virtually through TWO's shareholder meeting site, hosted on the Broadridge-powered platform at virtualshareholdermeeting.com/TWO2026SM. Shareholders who plan to attend should log in at least 15 minutes before the start time using their control number, and the platform includes a browser compatibility test ahead of the meeting.

The company was direct about why it needed more time: it wanted to solicit additional proxies in favor of the deal. TWO said the adjournment was "in order to provide additional time for stockholders to vote and to solicit additional proxies to vote in favor of TWO's acquisition by UWM Holdings Corporation." Stockholders who have not yet voted or submitted proxies, the company said, "are encouraged to do so during the additional period now made available to them until the Special Meeting is reconvened."

The record date for the adjourned meeting remains February 10, 2026, meaning only shareholders of record as of that date are eligible to vote on the acquisition. UWM Holdings, the proposed acquiring company, trades on the NYSE under the ticker UWMC.

The need to adjourn and actively solicit more proxies typically signals that support for a proposed transaction has not yet reached the threshold required for approval, though TWO did not disclose current vote tallies or specify how many additional proxies it needs. No deal terms or financial details of the acquisition were included in the adjournment announcement.

The reconvened vote on March 24 will be a critical moment for the company, which describes itself as an MSR-focused REIT with its business centered on mortgage servicing rights.