Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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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
Cumulative Earnings
Cumulative Distributions to Stockholders
Total Stockholders' Equity
Total Stockholders' Equity
Preferred Stock [Member]
Noncontrolling Interest
Cumulative effect of adoption of new accounting principle $ (2,991)         $ 0 $ 0 $ 0   $ 0      
Stockholders' equity, adjusted balance 4,065,051         1,832 3,812,859 855,789 $ 1,192,545 (1,797,974) $ 4,065,051   $ 0
Stockholders’ equity at beginning of period at Dec. 31, 2014           1,832 3,812,859 855,789 1,195,536 (1,797,974) 4,068,042    
Noncontrolling interest at beginning of period at Dec. 31, 2014                         0
Equity at beginning of period at Dec. 31, 2014 4,068,042                        
Net income attributable to Two Harbors Investment Corp. 492,210               492,210   492,210    
Net income 492,210                        
Other comprehensive income (loss) before reclassifications, net of tax (161,033)             (161,033)     (161,033)    
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 335,695             335,695     335,695    
Other comprehensive income, net of tax (496,728)             (496,728)     (496,728)    
Issuance of stock, net of offering costs 539           539       539    
Repurchase of common stock (115,174)         (68) (115,106)       (115,174)    
Common dividends declared (378,339)                 (378,339) (378,339)    
Distribution of Granite Point Mortgage Trust Inc. common stock                   0      
Non-cash equity award compensation 9,002         6 8,996       9,002    
Stockholders’ equity at end of period at Dec. 31, 2015           1,770 3,707,288 359,061 1,684,755 (2,176,313) 3,576,561    
Noncontrolling interest at end of period at Dec. 31, 2015                         0
Equity at end of period at Dec. 31, 2015 3,576,561                        
Net income attributable to Two Harbors Investment Corp. 353,278               353,278   353,278    
Net income 353,278                        
Other comprehensive income (loss) before reclassifications, net of tax (58,804)             (58,804)     (58,804)    
Amounts reclassified from accumulated other comprehensive income (loss), net of tax (101,030)             (101,030)     (101,030)    
Other comprehensive income, net of tax (159,834)             (159,834)     (159,834)    
Issuance of stock, net of offering costs 502         1 501       502    
Repurchase of common stock (61,307)         (40) (61,267)       (61,307)    
Common dividends declared (323,286)                 (323,286) (323,286)    
Distribution of Granite Point Mortgage Trust Inc. common stock                   0      
Non-cash equity award compensation 15,197         8 15,189       15,197    
Stockholders’ equity at end of period at Dec. 31, 2016 3,401,111   $ 0 $ 0 $ 0 1,739 3,661,711 199,227 2,038,033 (2,499,599) 3,401,111    
Noncontrolling interest at end of period at Dec. 31, 2016                         0
Equity at end of period at Dec. 31, 2016 3,401,111                        
Net income attributable to Two Harbors Investment Corp. 348,571               348,571   348,571    
Net income attributable to noncontrolling interest                         3,814
Net income 352,385                        
Other comprehensive income (loss) before reclassifications, net of tax 129,590             129,590     129,590    
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 5,996             5,996     5,996    
Other comprehensive income, net of tax 135,586             135,586     135,586    
Issuance of Granite Point Mortgage Trust Inc. stock, net of offering costs 181,875           (13,771)       (13,771)   195,646
Acquisition of noncontrolling interests (11,361)           181       181   (11,542)
Issuance of stock, net of offering costs 449 $ 702,537 138,872 278,094 285,571   449       449 $ 702,537  
Repurchase of common stock 0                        
Preferred dividends declared (25,122)                 (25,122) (25,122)    
Common dividends declared (353,886)                 (350,709) (350,709)   (3,177)
Distribution of Granite Point Mortgage Trust Inc. common stock (824,322)           11,267     (650,848) (639,581)   (184,741)
Non-cash equity award compensation 12,171         6 12,165       12,171    
Stockholders’ equity at end 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 end of period at Dec. 31, 2017                         $ 0
Equity at end of period at Dec. 31, 2017 $ 3,571,424