Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 65

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 5
Chunk 65
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 and FTSE Nareit Mortgage REITs Index

December 31,Index201920202021202220232024Two Harbors Investment Corp.$100.00 $47.80 $47.83 $36.68 $37.59 $36.62 S&P 500$100.00 $96.91 $152.34 $124.73 $157.48 $196.85 Russell 2000 Index $100.00 $119.93 $137.67 $109.50 $127.98 $142.73 FTSE Nareit Mortgage REITs Index$100.00 $81.38 $94.05 $69.27 $74.52 $79.96 

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Table of Contents

Purchases of Equity Securities by the Issuer and Affiliated Purchasers 

Our preferred share repurchase program allows for the repurchase of up to an aggregate of 5,000,000 shares of the Company’s preferred stock, which includes the 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Preferred shares may be repurchased from time to time through privately negotiated transactions or open market transactions, pursuant to trading plans in accordance with Rule 10b5-1 under the Exchange Act or by any combination of such methods. The manner, price, number and timing of preferred share repurchases are subject to a variety of factors, including market conditions and applicable SEC rules. The preferred share repurchase program does not require the purchase of any minimum number of shares, and, subject to SEC rules, purchases may be commenced or suspended at any time without prior notice. The preferred share repurchase program does not have an expiration date. As of December 31, 2024, we had repurchased an aggregate of 4,179,183 preferred shares under the program for a total cost of $77.3 million. We did not repurchase preferred shares during the three months ended December 31, 2024.

Our common share repurchase program allows for the repurchase of up to an aggregate of 9,375,000 shares of the Company’s common stock. Common shares may be repurchased from time to time