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	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Cumulative Earnings	Cumulative Distributions to Stockholders	Total Stockholders' Equity	Noncontrolling Interest	Series A Preferred Stock [Member]	Series A Preferred Stock [Member] Preferred Stock	Series A Preferred Stock [Member] Total Stockholders' Equity
Common shares outstanding at beginning of period (in shares) at Dec. 31, 2015		353,906,807								0
Stockholders’ equity at beginning of period at Dec. 31, 2015		$ 3,539	$ 3,705,519	$ 359,061	$ 1,684,755	$ (2,176,313)	$ 3,576,561			$ 0
Noncontrolling interest at beginning of period at Dec. 31, 2015								$ 0
Equity at beginning of period at Dec. 31, 2015	$ 3,576,561
Net income (loss) attributable to Two Harbors Investment Corp.	(105,911)				(105,911)		(105,911)
Net income attributable to noncontrolling interest	0
Net income (loss)	(105,911)
Other comprehensive income (loss) before reclassifications, net of tax	184,085			184,085			184,085
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(23,449)			(23,449)			(23,449)
Net other comprehensive income (loss), net of tax	160,636			160,636			160,636
Issuance of stock, net of offering costs (in shares)		29,143
Issuance of stock, net of offering costs	$ 227	$ 0	227				227
Repurchase of common stock (in shares)	(8,020,000)	(8,020,000)
Repurchase of common stock	$ (61,307)	$ (80)	(61,227)
Common dividends declared	(159,892)					(159,892)	(159,892)
Non-cash equity award compensation (in shares)		1,705,435
Non-cash equity award compensation	7,754	$ 17	7,737				7,754
Common shares outstanding at end of period (in shares) at Jun. 30, 2016		347,621,385								0
Stockholders’ equity at end of period at Jun. 30, 2016		$ 3,476	3,652,256	519,697	1,578,844	(2,336,205)	3,418,068			$ 0
Noncontrolling interest at end of period at Jun. 30, 2016								0
Equity at end of period at Jun. 30, 2016	$ 3,418,068
Common shares outstanding at beginning of period (in shares) at Dec. 31, 2016	347,652,326	347,652,326								0
Stockholders’ equity at beginning of period at Dec. 31, 2016	$ 3,401,111	$ 3,477	3,659,973	199,227	2,038,033	(2,499,599)	3,401,111			$ 0
Noncontrolling interest at beginning of period at Dec. 31, 2016	0							0
Equity at beginning of period at Dec. 31, 2016	3,401,111
Net income (loss) attributable to Two Harbors Investment Corp.	80,603				80,603		80,603
Net income attributable to noncontrolling interest	40							40
Net income (loss)	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
Net other comprehensive income (loss), net of tax	155,390			155,384			155,384	2
Net other comprehensive income (loss), net of tax	155,386
Issuance of Granite Point Mortgage Trust Inc. stock, net of offering costs	181,875		(13,777)	6			(13,771)	195,646
Issuance of stock, net of offering costs (in shares)		26,438								5,750,000
Issuance of stock, net of offering costs	$ 256	$ 0	256				256		$ 138,872	$ 138,872	$ 138,872
Repurchase of common stock (in shares)	0
Repurchase of common stock	$ 0
Preferred dividends declared	(4,285)					(4,285)	(4,285)
Common dividends declared	(177,963)					(177,963)	(177,963)
Non-cash equity award compensation (in shares)		1,298,451
Non-cash equity award compensation	$ 8,214	$ 13	8,201				8,214
Common shares outstanding at end of period (in shares) at Jun. 30, 2017	348,977,215	348,977,215								5,750,000
Stockholders’ equity at end of period at Jun. 30, 2017	$ 3,588,421	$ 3,490	$ 3,654,653	$ 354,617	$ 2,118,636	$ (2,681,847)	$ 3,588,421			$ 138,872
Noncontrolling interest at end of period at Jun. 30, 2017	195,688							$ 195,688
Equity at end of period at Jun. 30, 2017	$ 3,784,109