---
schema_version: "secwatch.filing_event.v1"
accession: "0001465740-25-000133"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2025-07-28T23:59:59+00:00"
generated_at: "2026-05-18T00:14:05.715029+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Two Harbors posts $221.8M comprehensive loss; $199.9M litigation charge sinks book value to $12.14

## Summary
- Comprehensive loss of $221.8M ($2.13/share); GAAP net loss $272.3M ($2.62/share).
- Recorded $199.9M contingency liability for PRCM Advisers litigation; excluding this, comprehensive loss was $21.9M.
- Declared Q2 common dividend of $0.39/share; quarterly economic return on book value of -14.5%.
- Issued $115M of 9.375% senior notes due 2030, net proceeds $110.8M.
- Book value per share fell to $12.14 from $14.66 at March 31, 2025.

## SEC filing metadata
- accession: 0001465740-25-000133
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2025-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000146574025000133/0001465740-25-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000146574025000133/two-20250728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001465740-25-000133
- JSON: https://secwatch.observer/filing/0001465740-25-000133.json
- Plain text: https://secwatch.observer/filing/0001465740-25-000133.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.