Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 115

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 115
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)$12,204,319 $13,138,800 LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilities:Repurchase agreements$7,805,057 $8,020,207 Revolving credit facilities1,020,171 1,329,171 Warehouse facilities2,032 — Term notes payable— 295,271 Convertible senior notes260,229 268,582 Derivative liabilities, at fair value24,897 21,506 Due to counterparties648,643 574,735 Dividends payable58,725 58,731 Accrued interest payable85,994 141,773 Commitments and contingencies (see Note 18)— — Other liabilities176,062 225,434 Total Liabilities (1)10,081,810 10,935,410 Stockholders’ Equity:Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 24,870,817 and 25,356,426 shares issued and outstanding, respectively ($621,770 and $633,911 liquidation preference, respectively)601,467 613,213 Common stock, par value $0.01 per share; 175,000,000 shares authorized and 103,680,321 and 103,206,457 shares issued and outstanding, respectively1,037 1,032 Additional paid-in capital5,936,609 5,925,424 Accumulated other comprehensive loss(320,524)(176,429)Cumulative earnings1,648,785 1,349,973 Cumulative distributions to stockholders(5,744,865)(5,509,823)Total Stockholders’ Equity2,122,509 2,203,390 Total Liabilities and Stockholders’ Equity$12,204,319 $13,138,800 

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(1)The consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At December 31, 2024 and December 31, 2023, assets of the VIEs totaled $163,317 and $525,259, and liabilities of the VIEs totaled $134,931 and $479,810, respectively. See Note 4 - Variable Interest Entities for additional information.

The accompanying notes are an