Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 60

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 60
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 the Company had 104,025,096 shares of common stock outstanding. The following table presents a reconciliation of the common shares outstanding for the three months ended March 31, 2025 and 2024:Number of common sharesCommon shares outstanding, December 31, 2023103,206,457 Issuance of common stock4,058 Non-cash equity award compensation (1) 264,429 Common shares outstanding, March 31, 2024103,474,944 Common shares outstanding, December 31, 2024103,680,321 Issuance of common stock6,526 Non-cash equity award compensation (1)338,249 Common shares outstanding, March 31, 2025104,025,096 ____________________(1)See Note 19 - 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 months ended March 31, 2025 and 2024:Three Months Ended March 31,(in thousands, except per share amounts)20252024Class of StockAmountPer ShareAmountPer ShareSeries A Preferred Stock$2,565 $0.51 $2,565 $0.51 Series B Preferred Stock$4,841 $0.48 $4,841 $0.48 Series C Preferred Stock$5,780 $0.60 $4,378 $0.45 Common Stock$47,256 $0.45 $47,081 $0.45 Dividend Reinvestment and Direct Stock Purchase PlanThe Company sponsors a dividend reinvestment and direct stock purchase plan through which stockholders may purchase additional shares of the Company’s common stock by reinvesting some or all of the cash dividends received on shares of the Company’s common stock. Stockholders may also make optional cash purchases of shares of the Company’s common stock subject to certain limitations detailed in the plan prospectus. The plan allows for the issuance of up to an aggregate of 937,500 shares of the Company’s common stock. As of March 31, 2025, 156,143 shares have been issued under the plan for total proceeds of approximately $6.6