Corporate GovernanceApr 27, 2026, 04:24 PM
TWO Amends 2025 10-K to Include Part III Info, Exec Comp
AI Summary
TWO HARBORS INVESTMENT CORP. filed an Amendment No. 1 to its 2025 Annual Report on Form 10-K/A to include Part III information, which was previously omitted because the company does not expect to file a definitive proxy statement within 120 days after the fiscal year-end. The amendment provides details on directors, executive officers, corporate governance, executive compensation, and related matters. The filing also included a summary of 2025 performance, noting a book value of $11.13 and a total economic return of (12.6)%, alongside strategic achievements in MSR and a 13.8% average dividend yield.
Key Highlights
- TWO filed Amendment No. 1 to its 2025 10-K/A to include previously omitted Part III information.
- Part III information (Items 10-14) was omitted due to expected delay in filing the definitive proxy statement.
- New certifications by the principal executive and financial officers were filed as exhibits.
- 2025 book value was $11.13 (vs $14.47 in 2024), with a total economic return of (12.6)%.
- Total dividends for 2025 were $1.52 per common share, yielding an average of 13.8%.
- Added $7.9 billion in UPB of MSR and sold $28.7 billion MSR UPB on a subservicing-retained basis.
- RoundPoint's third-party subservicing portfolio increased to $40.4 billion UPB at year-end.
- Stockholders approved the 2025 advisory say-on-pay proposal with approximately 96.6% of votes cast.