Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 159

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 159
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 months ended March 31, 2025 and 2024:Three Months Ended March 31,(dollars in thousands)20252024Class of StockNumber of SharesAggregate CostNumber of SharesAggregate CostSeries A Preferred Stock— $— 35,047 $809 Series B Preferred Stock— — 280,060 6,370 Series C Preferred Stock— — 170,502 3,923 Total(1)— $— 485,609 $11,102 ____________________(1)The difference between the aggregate cost and the carrying value of the preferred stock repurchased resulted in a total gain attributable to common stockholders of $0.6 million for the three months ended March 31, 2024.Common StockAs of March 31, 2025, the Company had 104,025,096 shares of common stock outstanding. The following table presents a reconciliation of the common shares outstanding for the three months ended March 31, 2025 and 2024:Number of common sharesCommon shares outstanding, December 31, 2023103,206,457 Issuance of common stock4,058 Non-cash equity award compensation (1) 264,429 Common shares outstanding, March 31, 2024103,474,944 Common shares outstanding, December 31, 2024103,680,321 Issuance of common stock6,526 Non-cash equity award compensation (1)338,249 Common shares outstanding, March 31, 2025104,025,096 ____________________(1)See Note 19 - Equity Incentive Plans for further details regarding the Company’s equity incentive plans.

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

Distributions to StockholdersThe following table presents cash dividends declared by the Company on its preferred and common stock during the three months ended March 31, 2025 and 2024:Three Months Ended March 31,(in thousands, except per share amounts)20252024Class of StockAmountPer ShareAmountPer ShareSeries A Preferred Stock$2,565 $0.51 $2,565 $0.51 Series B Preferred Stock$4,841 $0.48 $4,841 $0.48 Series C Preferred Stock$5,780 $0.60