04:47 PM EDT, 08/20/2025 (MT Newswires) -- Two Harbors Investment ( TWO/PA ) said Wednesday it will make a one-time cash payment of $375 million under a settlement agreement to resolve its pending litigation with Pine River.

Two Harbors said Pine River will relinquish ownership claims to intellectual property used by the company.

The company said it expects to fund the settlement payment with cash and loans and "will continue to have ample liquidity following the payment."

Two Harbors also declared a dividend of $0.34 per share, payable on Oct. 29 to shareholders of record on Oct. 3.

The company's shares were falling nearly 4% in recent after-hours activity.