Annual report pursuant to Section 13 and 15(d)

Equity Securities, at Fair Value

v2.4.0.6
Equity Securities, at Fair Value
12 Months Ended
Dec. 31, 2012
Equity Securities, at Fair Value [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
Equity Securities, at Fair Value
Equity securities consists of shares of Silver Bay common stock carried at fair value as a result of a fair value option election. In exchange for the contribution of the Company's equity interests in its wholly owned subsidiary, Two Harbors Property Investment LLC, to Silver Bay on December 19, 2012, the Company received 17,824,647 shares of common stock, or 47.7%, of Silver Bay at the initial public offering price of $18.50. The following table presents the carrying value of the Company's equity securities as of December 31, 2012:
(in thousands)
December 31,
2012
Initial carrying value
$
329,756

Unrealized gain
5,882

Carrying value
$
335,638