secwatch.observer — SEC 8-K summary
======================================

Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001104659-22-113745
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors completes 1-for-4 reverse stock split, cuts outstanding shares from 345M to 86M
--------------------------------------------------------------------------------

- Reverse stock split effective Nov 1, 2022; every 4 shares became 1, reducing outstanding shares from ~345M to ~86M.
- Authorized common shares reduced from 700M to 175M; par value adjusted from $0.01 to $0.04 then back to $0.01.
- Preferred stock series A, B, C unaffected; dividend rates and authorized shares unchanged.
- Fractional shares settled in cash based on VWAP on NYSE on Nov 1, 2022.
- Adjustments made to ATM offering (7.56M shares remaining), DRIP (825K), equity plans, and share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000110465922113745/0001104659-22-113745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000110465922113745/tm2229101d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-113745

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer