Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 59

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 59
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,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 nine months ended September 30, 2024.Common StockAs of September 30, 2025, the Company had 104,155,818 shares of common stock outstanding. The following table presents a reconciliation of the common shares outstanding for the three and nine months ended September 30, 2025 and 2024:Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Common shares outstanding, beginning of period104,132,453 103,622,239 103,680,321 103,206,457 Issuance of common stock6,057 4,414 18,275 12,439 Non-cash equity award compensation (1) 17,308 23,473 457,222 431,230 Common shares outstanding, end of period104,155,818 103,650,126 104,155,818 103,650,126 ___________________(1)See Note 16 - Equity Incentive Plans for further details regarding the Company’s equity incentive plans.Distributions to StockholdersThe following table presents cash dividends declared by the Company on its preferred and common stock during the three and nine months ended September 30, 2025 and 2024:Three Months EndedNine Months EndedSeptember 30,September 30,(in thousands, except per share amounts)2025202420252024Class of StockAmountPer ShareAmountPer ShareAmountPer ShareAmountPer ShareSeries A Preferred Stock$2,565 $0.51 $2,564 $0.51 $7,694 $1.53 $7,693 $1.53 Series B Preferred Stock$4,841 $0.48 $4,842 $0.48 $14,524 $1.44 $14,525 $1.44 Series C Preferred Stock$5,918 $0.61 $4,378 $0.45 $17,531 $1.81 $13,134 $1.35 Common Stock$35,706 $0.34 $46,946 $0.45 $123,918 $1.18