Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 190

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 190
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Issuance of common stock18,987 Non-cash equity award compensation (1)454,877 Common shares outstanding, December 31, 2024103,680,321 ____________________(1)See Note 20 - Equity Incentive Plans for further details regarding the Company’s equity incentive plans.Distributions to StockholdersThe following table presents cash dividends declared by the Company on its preferred and common stock during the years ended December 31, 2024, 2023 and 2022:Year EndedDecember 31,(dollars in thousands)202420232022Class of StockAmountPer ShareAmountPer ShareAmountPer ShareSeries A Preferred Stock$10,258 $2.04 $10,460 $2.04 $11,462 $2.04 Series B Preferred Stock$19,366 $1.92 $20,087 $1.92 $21,547 $1.92 Series C Preferred Stock$17,512 $1.80 $18,060 $1.80 $20,598 $1.80 Common Stock$187,906 $1.80 $192,220 $1.95 $228,845 $2.64 Dividend Reinvestment and Direct Stock Purchase PlanThe Company sponsors a dividend reinvestment and direct stock purchase plan through which stockholders may purchase additional shares of the Company’s common stock by reinvesting some or all of the cash dividends received on shares of the Company’s common stock. Stockholders may also make optional cash purchases of shares of the Company’s common stock subject to certain limitations detailed in the plan prospectus. The plan allows for the issuance of up to an aggregate of 937,500 shares of the Company’s common stock. As of December 31, 2024, 149,617 shares have been issued under the plan for total proceeds of approximately $6.5 million, of which 18,987, 16,965 and 17,653 shares were issued for total proceeds of $0.2 million, $0.2 million and $0.3 million during the years ended December 31, 2024, 2023 and 2022, respectively.

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Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements

Common Share Repurchase ProgramThe Company’s common share repurchase program allows for the repurchase