TWO Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Cumulative Earnings	Cumulative Distributions to Stockholders	Total Stockholders' Equity	Total Stockholders' Equity Preferred Stock [Member]	Noncontrolling Interest
Stockholders’ equity at beginning of period at Dec. 31, 2016			$ 0	$ 0	$ 0	$ 1,739	$ 3,661,711	$ 199,227	$ 2,038,033	$ (2,499,599)	$ 3,401,111
Noncontrolling interest at beginning of period at Dec. 31, 2016													$ 0
Total equity at beginning of period at Dec. 31, 2016	$ 3,401,111
Net income attributable to Two Harbors Investment Corp.	80,603								80,603		80,603
Income from discontinued operations attributable to noncontrolling interest	40												40
Net income	80,643
Other comprehensive income (loss) before reclassifications, net of tax	151,791							151,789			151,789		2
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	3,595							3,595			3,595		0
Other comprehensive income (loss), net of tax	155,390							155,384			155,384		2
Other comprehensive income (loss), net of tax	155,386
Contribution of TH Commercial Holdings LLC to Granite Point	(181,875)						13,777	(6)			(13,771)		(195,646)
Issuance of stock, net of offering costs	256	$ 138,872	138,872			0	256				256	$ 138,872
Preferred dividends declared	(4,285)									(4,285)	(4,285)
Common dividends declared	(177,963)									(177,963)	(177,963)
Non-cash equity award compensation	8,214					7	8,207				8,214
Stockholders’ equity at end of period at Jun. 30, 2017			138,872	0	0	1,745	3,656,398	354,617	2,118,636	(2,681,847)	3,588,421
Noncontrolling interest at end of period at Jun. 30, 2017													195,688
Total equity at end of period at Jun. 30, 2017	3,784,109
Cumulative effect of adoption of new accounting principle	0							9,918	(9,918)
Stockholders’ equity at beginning of period at Dec. 31, 2017	3,571,424		138,872	278,094	285,571	1,745	3,672,003	334,813	2,386,604	(3,526,278)	3,571,424
Noncontrolling interest at beginning of period at Dec. 31, 2017													0
Total equity at beginning of period at Dec. 31, 2017	3,571,424
Stockholders' equity at beginning of period, adjusted balance at Dec. 31, 2017	3,571,424		138,872	278,094	285,571	1,745	3,672,003	344,731	2,376,686	(3,526,278)	3,571,424		0
Net income attributable to Two Harbors Investment Corp.	474,299								474,299		474,299
Income from discontinued operations attributable to noncontrolling interest	0
Net income	474,299
Other comprehensive income (loss) before reclassifications, net of tax	(402,218)							(402,218)			(402,218)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	22,554							22,554			22,554
Other comprehensive income (loss), net of tax	(379,664)							(379,664)			(379,664)
Issuance of stock, net of offering costs	195	$ 13			13	0	195				195	$ 13
Preferred dividends declared	(27,494)									(27,494)	(27,494)
Common dividends declared	(164,926)									(164,926)	(164,926)
Non-cash equity award compensation	6,398					10	6,388				6,398
Stockholders’ equity at end of period at Jun. 30, 2018	3,480,245		$ 138,872	$ 278,094	$ 285,584	$ 1,755	$ 3,678,586	$ (34,933)	$ 2,850,985	$ (3,718,698)	$ 3,480,245
Noncontrolling interest at end of period at Jun. 30, 2018													$ 0
Total equity at end of period at Jun. 30, 2018	$ 3,480,245