Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 8

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 8
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 net of offering costs210 165 Dividends paid on preferred stock(38,209)(35,580)Dividends paid on common stock(135,153)(140,745)Net cash used in financing activities(831,351)(76,503)Net increase (decrease) in cash, cash equivalents and restricted cash69,280 (183,127)Cash, cash equivalents and restricted cash at beginning of period817,641 794,833 Cash, cash equivalents and restricted cash at end of period$886,921 $611,706 Supplemental Disclosure of Cash Flow Information:Cash paid for interest$420,798 $506,654 Cash paid for taxes, net$13,187 $3,648 Noncash Activities:Dividends declared but not paid at end of period$49,030 $58,730 

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

6

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

Note 1. Organization and Operations

Two Harbors Investment Corp. is a Maryland corporation founded in 2009 that, through its wholly owned subsidiaries (collectively, the Company), invests in, finances and manages mortgage servicing rights, or MSR, and Agency residential mortgage-backed securities, or Agency RMBS, and, through its operational platform, RoundPoint Mortgage Servicing LLC, or RoundPoint, is one of the largest servicers of conventional loans in the country. Agency refers to a U.S. government sponsored enterprise, or GSE, such as the Federal National Mortgage Association, or Fannie Mae, or the Federal Home Loan Mortgage Corporation, or Freddie Mac, or a U.S. government agency such as the Government National Mortgage Association, or Ginnie Mae. The Company is structured as an internally-managed real estate investment trust, or REIT, and its common stock is listed on the New York Stock Exchange, or NYSE, under the symbol “TWO.” The Company seeks to leverage its core competencies of understanding and managing interest rate and prepayment risk to invest in its portfolio of MSR and Agency RMBS, with the objective of delivering more stable performance, relative to RMBS portfolios without MSR, across changing market environments. The Company is acutely focused on creating sustainable stockholder value over the long term.The Company has elected to be treated as a REIT as defined under the Internal Revenue Code of 198