Quarterly report pursuant to Section 13 or 15(d)

Equity Securities, at Fair Value Equity Securities (Tables)

v2.4.0.6
Equity Securities, at Fair Value Equity Securities (Tables)
3 Months Ended
Mar. 31, 2013
Equity Securities, at Fair Value [Abstract]  
Equity Securities [Table Text Block]
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 March 31, 2013 and December 31, 2012:
(in thousands)
March 31,
2013
 
December 31, 2012
Initial carrying value
$
329,756

 
$
329,756

Unrealized gain
39,214

 
5,882

Carrying value
$
368,970

 
$
335,638