secwatch.observer — SEC 8-K summary
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Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001465740-26-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors agrees to be acquired by UWMC in all-stock deal valued at $11.94/sh; reports Q4 earnings
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- Two Harbors stockholders to receive 2.3328 UWMC shares per TWO share, representing a 21% premium to 30-day VWAP.
- Transaction expected to close in Q2 2026; subject to TWO stockholder approval and regulatory clearances.
- Q4 2025 comprehensive income of $50.4M ($0.48 per basic share); book value $11.13/sh; declared $0.34/sh dividend.
- Added $399M UPB of MSR via flow-sale and recapture; sold $9.6B MSR UPB on subservicing-retained basis.
- Annual 2025 economic return on book value (12.6%); excluding litigation settlement, 12.1% return.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000146574026000003/0001465740-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000146574026000003/two-20260202.htm
  HTML page:      https://secwatch.observer/filing/0001465740-26-000003

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