Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 275

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 275
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ly AverageEnd of Period BalanceMaximum Balance of Any Month-EndEnd of Period Total Borrowings to Equity RatioEnd of Period Net Long (Short) TBA Cost BasisEnd of Period Net Payable (Receivable) for Unsettled RMBSEnd of Period Economic Debt-to-Equity Ratio (1)June 30, 2025$10,477,013 $10,175,579 $10,737,324 5.4:1.0 $3,009,819 $108,474 7.0:1.0 March 31, 2025$9,995,726 $10,942,563 $10,942,563 5.1:1.0 $3,001,672 $(643,896)6.2:1.0 December 31, 2024$9,566,487 $9,087,489 $10,293,529 4.3:1.0 $4,493,055 $269,370 6.5:1.0 September 30, 2024$10,028,325 $10,025,403 $10,061,801 4.6:1.0 $5,060,417 $85,366 7.0:1.0 June 30, 2024$9,893,287 $9,973,593 $9,973,593 4.5:1.0 $4,950,762 $— 6.8:1.0 

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(1)Defined as total borrowings under repurchase agreements (excluding those collateralized by U.S. Treasuries), revolving credit facilities, warehouse lines of credit, term notes payable, senior notes and convertible senior notes, plus implied debt on net TBA cost basis and net payable (receivable) for unsettled RMBS, divided by total equity.

Equity

The following table provides details of changes in our stockholders’ equity from March 31, 2025 to June 30, 2025:

(in millions, except per share amounts)Book ValueCommon Shares OutstandingCommon Book Value Per ShareCommon stockholders’ equity at March 31, 2025$1,525.0 104.0 $14.66 Net loss(259.1)Other comprehensive income50.5 Comprehensive loss(208.6)Div