secwatch.observer — SEC 8-K summary
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Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001465740-24-000161
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors reports Q2 book value $15.19, flat economic return; dividend $0.45
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- Comprehensive income of $0.5M ($0.00 EPS); GAAP net income $44.6M ($0.43 EPS).
- Book value per share fell to $15.19 from $15.64 in Q1; H1 total economic return 5.8%.
- Repurchased $10M of convertible notes; increased ATM offering by 11.2M shares.
- MSR portfolio: sold $6.4B UPB, settled $327.8M flow acquisitions; post-Q2 bulk buy of $1.6B UPB.
- Debt-to-equity ratio 4.5x; economic debt-to-equity 6.8x; cost of financing 4.76% including hedges.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000146574024000161/0001465740-24-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000146574024000161/two-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001465740-24-000161

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