Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 233

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 233
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0.1 million and $0.2 million during the three and nine months ended September 30, 2025, respectively. During the three and nine months ended September 30, 2024, 4,414 and 12,439 shares were issued for total proceeds of $0.1 million and $0.2 million, respectively.Common Share Repurchase ProgramThe Company’s common share repurchase program allows for the repurchase of up to an aggregate of 9,375,000 shares of the Company’s common stock. Common shares may be repurchased from time to time through privately negotiated transactions or open market transactions, pursuant to a trading plan in accordance with Rules 10b5-1 and 10b-18 under the Exchange Act, or by any combination of such methods. The manner, price, number and timing of common share repurchases are subject to a variety of factors, including market conditions and applicable SEC rules. The common share repurchase program does not require the purchase of any minimum number of shares, and, subject to SEC rules, purchases may be commenced or suspended at any time without prior notice. The common share repurchase program does not have an expiration date. As of September 30, 2025, a total of 3,637,028 shares of common stock had been repurchased by the Company under the program for an aggregate cost of $208.5 million. No shares of common stock were repurchased during the nine months ended September 30, 2025 or 2024.At-the-Market OfferingsPursuant to its equity distribution agreements, the Company is authorized to offer and sell up to 15,000,000 shares of its common stock from time to time in any method permitted by law deemed to be an “at the market” offering as defined in Rule 415 under the Securities Act of 1933, as amended, or the Securities Act. No shares were sold under the “at the market” equity distribution agreements during the nine months ended September 30, 2025 or 2024.Accumulated Other Comprehensive LossAccumulated other comprehensive loss at September 30, 2025 and December 31, 2024 was as follows:(in thousands)September 30,2025December 31,2024Available-for-sale securities:Unrealized gains$27,469 $3,328 Unrealized losses(79,310)(323,852)Accumulated other comprehensive loss$(51,841)