Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 61

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 61
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-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)$(320,524)Reclassifications out of Accumulated Other Comprehensive LossThe Company reclassifies unrealized gains and losses on AFS securities in accumulated other comprehensive loss to net (loss) income upon the recognition of any realized gains and losses on sales as individual securities are sold. For the three and nine months ended September 30, 2025, the Company reclassified unrealized losses on sold AFS securities of $7.3 million and $71.6 million, respectively, from accumulated other comprehensive loss to (loss) gain on investment securities on the consolidated statements of comprehensive (loss) income. For the three and nine months ended September 30, 2024, the Company reclassified unrealized losses on sold AFS securities of $1.8 million and $17.7 million, respectively, from accumulated other comprehensive loss to (loss) gain on investment securities on the consolidated statements of comprehensive (loss) income.

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

Note 16. Equity Incentive Plans

The Company’s 2021 Equity Incentive Plan, or the Equity Incentive Plan, provides incentive compensation to attract and retain qualified directors, officers, personnel and other parties who may provide significant services to the Company. The Equity Incentive Plan is administered by the compensation committee of the Company’s board of directors. The compensation committee has the full authority to administer and interpret the Equity Incentive Plan, to authorize the