Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 46

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 46
---
(295,776)Proceeds from issuance of senior notes110,778 — Repurchase/repayment of convertible senior notes— (9,675)Repurchase and retirement of preferred stock— (11,102)Proceeds from issuance of common stock, net of offering costs150 104 Dividends paid on preferred stock(24,970)(23,796)Dividends paid on common stock(94,197)(93,800)Net cash provided by (used in) financing activities968,269 (69,242)Net decrease in cash, cash equivalents and restricted cash(19,344)(8,011)Cash, cash equivalents and restricted cash at beginning of period817,641 794,833 Cash, cash equivalents and restricted cash at end of period$798,297 $786,822 Supplemental Disclosure of Cash Flow Information:Cash paid for interest$238,713 $357,314 Cash paid for taxes, net$9,343 $3,607 Noncash Activities:Dividends declared but not paid at end of period$54,195 $58,729 

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