Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 233

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 233
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emable Preferred Stock, 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock under the preferred share repurchase program during the six months ended June 30, 2024. No shares of the Company’s preferred stock were repurchased during the three and six months ended June 30, 2025 or the three months ended June 30, 2024.Six Months Ended(dollars in thousands)June 30, 2024Class of StockNumber of SharesAggregate CostSeries A Preferred Stock35,047 $809 Series B Preferred Stock280,060 $6,370 Series C Preferred Stock170,502 $3,923 Total(1)485,609 $11,102 ____________________(1)The difference between the aggregate cost and the carrying value of the preferred stock repurchased resulted in a total gain attributable to common stockholders of $0.6 million for the six months ended June 30, 2024.Common StockAs of June 30, 2025, the Company had 104,132,453 shares of common stock outstanding. The following table presents a reconciliation of the common shares outstanding for the three and six months ended June 30, 2025 and 2024:Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Common shares outstanding, beginning of period104,025,096 103,474,944 103,680,321 103,206,457 Issuance of common stock5,692 3,967 12,218 8,025 Non-cash equity award compensation (1) 101,665 143,328 439,914 407,757 Common shares outstanding, end of period104,132,453 103,622,239 104,132,453 103,622,239 ___________________(1)See Note 16 - Equity Incentive Plans for further details regarding the Company’s equity incentive plans.

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Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

Distributions to StockholdersThe following table presents cash dividends declared by the Company on its preferred and common stock during the three and six months ended June 30, 2025 and 2024:Three Months Ended