Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 11

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 11
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— — — — (11,784)(11,784)Common dividends declared— — — — — (47,081)(47,081)Non-cash equity award compensation— 3 6,080 — — — 6,083 Balance, March 31, 2024$601,467 $1,035 $5,931,558 $(279,507)$1,554,205 $(5,568,688)$2,240,070 Balance, December 31, 2024$601,467 $1,037 $5,936,609 $(320,524)$1,648,785 $(5,744,865)$2,122,509 Net loss— — — — (79,055)— (79,055)Other comprehensive income before reclassifications— — — 110,220 — — 110,220 Amounts reclassified from accumulated other comprehensive loss— — — 46,952 — — 46,952 Other comprehensive income— — — 157,172 — — 157,172 Issuance of common stock, net of offering costs— — 82 — — — 82 Preferred dividends declared— — — — — (13,186)(13,186)Common dividends declared— — — — — (47,256)(47,256)Non-cash equity award compensation— 3 6,520 — — — 6,523 Balance, March 31, 2025$601,467 $1,040 $5,943,211 $(163,352)$1,569,730 $(5,805,307)$2,146,789 

The accompanying notes are an integral part of these consolidated financial statements.

3

TWO HARBORS INVESTMENT CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

(in thousands) 

Three Months EndedMarch 31,20252024Cash Flows From Operating Activities:Net (loss) income$(79,055)$203,588 Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:Amortization of premiums and discounts on investment securities, net4