secwatch.observer — SEC 8-K summary
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Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001465740-24-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors Q1 book value $15.64/shr, comprehensive income $89.4M ($0.85/shr)
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- Book value per common share $15.64, up from $15.21 in Q4 2023; quarterly economic return on book value of 5.8%.
- GAAP net income $192.4M ($1.85/shr) vs loss of $444.7M in Q4 2023; comprehensive income $89.4M ($0.85/shr).
- Earnings available for distribution (EAD) of $4.7M ($0.05/shr); common dividend declared $0.45/shr.
- MSR portfolio grew to $3.08B (27.4% of total portfolio) with $3.1B UPB settled via bulk and flow acquisitions.
- Repurchased 485,609 preferred shares across Series A, B, and C to reduce preferred equity ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000146574024000112/0001465740-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000146574024000112/two-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001465740-24-000112

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