Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 121

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 121
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438,500)(193,660)(21,930)Proceeds from warehouse facilities49,705 — — Principal payments on warehouse facilities(47,673)— — Repayment of term notes payable(295,776)(100,970)— Repurchase/repayment of convertible senior notes(9,675)(13,169)(143,774)Repurchase and retirement of preferred stock(11,102)(14,813)(51,402)Proceeds from issuance of common stock, net of offering costs244 275,674 6,614 Repurchase of common stock— (7,056)— Dividends paid on preferred stock(47,364)(48,960)(54,989)Dividends paid on common stock(187,684)(197,640)(235,371)Net cash (used in) provided by financing activities(1,073,475)(479,398)1,165,714 Net increase (decrease) in cash, cash equivalents and restricted cash22,808 (331,672)(962,165)Cash, cash equivalents and restricted cash at beginning of period794,833 1,126,505 2,088,670 Cash, cash equivalents and restricted cash at end of period$817,641 $794,833 $1,126,505 Supplemental Disclosure of Cash Flow Information:Cash paid for interest$618,659 $565,834 $153,181 Cash paid (received) for taxes, net$9,255 $7,380 $(1,575)Noncash Activities:Dividends declared but not paid at end of period$58,725 $58,731 $64,504 

The accompanying notes are an integral part of these consolidated financial statements.

64

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

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