Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 241

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 241
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,239)(11,784)(26,425)(23,568)Gain on repurchase and retirement of preferred stock— — — 644 Dividends and undistributed earnings allocated to participating restricted stock units(344)(330)(748)(1,704)Net (loss) income attributable to common stockholders, basic$(272,624)$44,222 $(365,269)$235,296 Basic weighted average common shares104,084,326 103,555,755 104,030,680 103,478,847 Basic (loss) earnings per weighted average common share$(2.62)$0.43 $(3.51)$2.27 Diluted (Loss) Earnings Per Share:Net (loss) income attributable to common stockholders, basic$(272,624)$44,222 $(365,269)$235,296 Reallocation impact of undistributed earnings to participating restricted stock units— — — 27 Interest expense attributable to convertible notes— — — 9,198 Net (loss) income attributable to common stockholders, diluted$(272,624)$44,222 $(365,269)$244,521 Basic weighted average common shares104,084,326 103,555,755 104,030,680 103,478,847 Effect of dilutive shares issued in an assumed vesting of performance share units— 355,057 — 428,728 Effect of dilutive shares issued in an assumed conversion— — — 9,229,054 Diluted weighted average common shares104,084,326 103,910,812 104,030,680 113,136,629 Diluted (loss) earnings per weighted average common share$(2.62)$0.43 $(3.51)$2.16 For the three and six months ended June 30, 2025 and the three months ended June 30, 2024, excluded from the calculation of diluted earnings per share was the effect of adding undistributed earnings reallocated to 543,891, 683,614 and 718,748 weighted average participating RSUs, respectively, as their inclusion would have been antidilutive under the two-class method. For the six months ended June 30, 2024, participating RSUs were included in the calculations of basic and diluted earnings per share under the two-class method, as it was more dil