Form 8-K

8-K — TWO HARBORS INVESTMENT CORP.

Accession: 0001104659-26-100622

Filed: 2026-08-25

Period: 2026-08-25

CIK: 0001465740

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Completion of Acquisition or Disposition of Assets

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item: Material Modifications to Rights of Security Holders

Item: Changes in Control of Registrant

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — tm2621794d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2621794d1_ex99-1.htm)

GRAPHIC (tm2621794d1_ex99-1img001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm2621794d1_8k.htm · Sequence: 1

false

0001465740

2026-08-25

0001465740

us-gaap:CommonStockMember

2026-08-25

0001465740

us-gaap:SeriesAPreferredStockMember

2026-08-25

0001465740

us-gaap:SeriesBPreferredStockMember

2026-08-25

0001465740

us-gaap:SeriesCPreferredStockMember

2026-08-25

0001465740

two:NinepointthreesevenfivepercentSeniorNotesDue2030Member

2026-08-25

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND

EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section

13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 25, 2026

Two Harbors Investment

Corp.

(Exact name of registrant

as specified in its charter)

Maryland

001-34506

27-0312904

(State or

other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer Identification No.)

1601

Utica Avenue South, Suite 900

St. Louis Park, MN

55416

(Address of Principal Executive Offices)

(Zip Code)

(612) 453-4100

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address,

if changed since last report)

Check the appropriate box below if the

Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class:

Trading

Symbol(s)

Name of Exchange on Which Registered:

Common Stock, par value $0.01 per share

TWO

New York Stock Exchange

8.125% Series A Cumulative Redeemable Preferred Stock

TWO PRA

New York Stock Exchange

7.625% Series B Cumulative Redeemable Preferred Stock

TWO PRB

New York Stock Exchange

7.25% Series C Cumulative Redeemable Preferred Stock

TWO PRC

New York Stock Exchange

9.375% Senior Notes Due 2030

TWOD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933

(17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging Growth Company¨

If an emerging growth company, indicate

by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

INTRODUCTION

On August 25, 2026 (the “Closing

Date”), Two Harbors Investment Corp. (“TWO”) completed its merger (the “CCM Merger”) with CrossCountry Merger

Corp. (“Merger Sub”), a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC (“CCM”), pursuant to

the previously disclosed Agreement and Plan of Merger, dated March 27, 2026 (the “Original CCM Merger Agreement”), as amended

by the First Amendment to the Agreement and Plan of Merger, dated April 28, 2026 (the “First Amendment”), and the Second Amendment

to the Agreement and Plan of Merger, dated May 7, 2026 (the “Second Amendment,” and together with the Original CCM Merger

Agreement and the First Amendment, the “CCM Merger Agreement”), by and among TWO, CCM and Merger Sub.

Item 2.01 Completion of Acquisition or Disposition of Assets.

The information set forth

in the introduction to this Current Report on Form 8-K (the “Introduction”) is incorporated by reference into this Item 2.01.

The definitive proxy statement

of TWO, filed with the Securities and Exchange Commission (the “SEC”) on April 20, 2026, as thereafter supplemented, contains

additional information about the CCM Merger and the other transactions contemplated by the CCM Merger Agreement, including information

concerning the interests of directors, executive officers and affiliates of TWO in connection with the CCM Merger.

As of the effective time

of the CCM Merger (the “Effective Time”), each share of TWO common stock, par value $0.01 per share (“TWO Common

Stock”), issued and outstanding immediately prior to the Effective Time, was canceled and automatically converted into the

right to receive an amount in cash equal to $12.00 per share (the “Merger Consideration”), and TWO became a wholly owned

subsidiary of CCM. Each outstanding share of TWO’s Series A Preferred Stock, Series B Preferred Stock and Series C Preferred

Stock (collectively, the “TWO Preferred Stock”) remained issued and outstanding following the Effective Time.

In addition, pursuant to the

CCM Merger Agreement, at the Effective Time, (i) each restricted stock unit in respect of shares of TWO Common Stock granted by TWO with

only time-based vesting requirements (each, a “TWO RSU”), that was outstanding as of immediately prior to the Effective Time,

whether vested or unvested, was automatically fully vested and cancelled and converted into the right to receive the Merger Consideration

with respect to each share of TWO Common Stock subject to such TWO RSU immediately prior to the Effective Time; (ii) each outstanding

performance share unit in respect of shares of TWO Common Stock granted by TWO with any performance-based vesting requirements (each,

a “TWO PSU”) was automatically fully vested and cancelled and converted into the right to receive the Merger Consideration

with respect to each share of TWO Common Stock subject to such TWO PSU, immediately prior to the Effective Time that was earned and vested

assuming achievement of the applicable performance criteria at the greater of (a) target performance and (b) actual performance determined

by the board of directors of TWO (as constituted immediately prior to the Effective Time) as if the Closing Date was the last day of the

applicable performance period; and (iii) each share of restricted TWO Common Stock granted by TWO (each, a share of “TWO Restricted

Stock”) that was outstanding as of immediately prior to the Effective Time, automatically became fully vested and converted into

the right to receive the Merger Consideration with respect to each share of TWO Restricted Stock that so vested. Payment of the Merger

Consideration in respect of TWO RSUs and TWO PSUs will be made without interest and less applicable withholdings, as soon as reasonably

practicable, but no later than 15 calendar days, after the Effective Time.

The foregoing description

of the CCM Merger Agreement and related transactions (including, without limitation, the CCM Merger) does not purport to be complete and

is subject, and qualified in its entirety, by reference to the full text of the Original CCM Merger Agreement, which is attached as Exhibit 2.1 to TWO’s Current Report on Form 8-K filed with the SEC on March 27, 2026, the First Amendment, which is attached as Exhibit 2.1 to TWO’s Current Report on Form 8-K filed with the SEC on April 29, 2026 and the Second Amendment, which is attached as Exhibit 2.1 to TWO’s Current Report on Form 8-K filed with the SEC on May 8, 2026. The Original CCM Merger Agreement, the First Amendment

and the Second Amendment are incorporated by reference into this Item 2.01.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

The information set forth

in the Introduction and Item 2.01 is incorporated by reference into this Item 3.01.

On the Closing Date, TWO notified

the New York Stock Exchange (“NYSE”) of the consummation of the CCM Merger and of its intent to remove TWO Common Stock from

listing on the NYSE and requested that the NYSE (i) suspend trading of TWO Common Stock on the NYSE prior to the opening of trading on

the Closing Date and (ii) file a Notification of Removal from Listing and/or Registration on Form 25 with the SEC to delist and deregister

TWO Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly,

TWO Common Stock will no longer be listed on the NYSE.

Upon effectiveness of the

Form 25, TWO intends to file with the SEC a Form 15 with respect to the TWO Common Stock, requesting that the TWO Common Stock be deregistered

under the Exchange Act, and that TWO’s reporting obligations with respect to the TWO Common Stock under Sections 13 and 15(d) of

the Exchange Act be suspended.

Item 3.03 Material Modification to Rights of Security Holders.

The information set forth

in the Introduction and Items 2.01, 3.01 and 5.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.

As a result of the CCM Merger,

each share of TWO Common Stock that was issued and outstanding immediately prior to the Effective Time was converted, at the Effective

Time, into the right to receive the Merger Consideration in accordance with the terms of the CCM Merger Agreement. Accordingly, at the

Effective Time, the holders of such shares of TWO Common Stock ceased to have any rights as stockholders of TWO, other than the right

to receive the Merger Consideration.

Item 5.01 Changes in Control of the Registrant.

The information set forth

in the Introduction and Items 2.01, 3.01 and 3.03 of this Current Report on Form 8-K is incorporated into this Item 5.01 by reference.

As a result of the CCM

Merger, a change of control of TWO occurred and TWO became a wholly owned subsidiary of CCM.

At the Effective Time,

each share of TWO Common Stock issued and outstanding immediately prior to the Effective Time (other than shares held by CCM or Merger

Sub or by any wholly owned subsidiary of CCM, Merger Sub or TWO) was automatically canceled and converted into the right to receive the

Merger Consideration.

The source of the funds

for the Merger Consideration was a combination of cash on hand and borrowings under existing financing facilities of CCM and its affiliates.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Compensatory Arrangements of Certain Officers.

The information set forth

in the Introduction and under Item 2.01 of this Current Report on Form 8-K is incorporated by reference in this Item 5.02.

In connection with the closing

of the CCM Merger:

· As of the Effective Time, by operation of the CCM Merger, each of E. Spencer Abraham, James J. Bender,

Sanjiv Das, William Greenberg, Karen Hammond, Stephen G. Kasnet, James A. Stern and Hope B. Woodhouse ceased to serve as directors of

TWO and ceased to serve on each committee of the board on which such director served. The cessations of service of such directors was

in connection with the consummation of the CCM Merger and was not the result of any disagreement with TWO regarding its operations, policies

or practices.

· Effective as of the Effective Time, by operation of the CCM Merger, Ron Leonhardt, who was the director

of Merger Sub immediately prior to the Effective Time, became the director of TWO.

Item 8.01 Other Events.

The CCM Merger Agreement requires that TWO deliver notices of redemption with respect to all outstanding shares of TWO Preferred Stock

promptly following the Effective Time, and to complete the redemption of such shares no later than 120 days after the Effective Time (the

“Preferred Stock Redemption”). Following consummation of the CCM Merger, each outstanding share of TWO Preferred Stock will

be redeemed on the applicable redemption date for $25.00 in cash, plus accumulated and unpaid dividends thereon. Following the Effective

Time, we will offer to repurchase all of TWO’s $115.0 million of outstanding 9.375% Senior Notes due 2030 (the “TWO Notes”)

at a price of 104% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding the repurchase date pursuant

to the terms of the indenture that governs the TWO Notes (the “TWO Notes Repurchase”). The aggregate consideration for the

Preferred Stock Redemption and the TWO Notes Repurchase is expected to be approximately $622.0 million and approximately $120.0 million,

respectively. There can be no assurance these transactions will occur or that any of holders of the TWO Notes will elect

to tender their notes. To the extent all TWO Notes are not repurchased in the TWO Notes Repurchase, TWO intends to discharge the indenture

under which the TWO Notes were issued, after which no TWO Notes are expected to be outstanding (the “TWO Notes Discharge”).

Following the Preferred Stock Redemption and the TWO Notes Repurchase, or, to the extent applicable, the TWO Notes Discharge, respectively,

the TWO Preferred Stock and TWO Notes will be delisted from the NYSE and deregistered under the Exchange Act.

On August 25, 2026 TWO issued

a press release announcing the completion of the CCM Merger. A copy of the press release is attached hereto and is incorporated herein

by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

2.1†

Agreement and Plan of Merger, dated as of March 27, 2026, by and among CrossCountry Intermediate Holdco, LLC, CrossCountry Merger Corp. and Two Harbors Investment Corp. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Two Harbors Investment Corp. with the SEC on March 27, 2026)

2.2

First Amendment to the Agreement and Plan of Merger, dated April 28, 2026, by and among CrossCountry Intermediate Holdco, LLC, CrossCountry Merger Corp. and Two Harbors Investment Corp. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Two Harbors Investment Corp. with the SEC on April 29, 2026)

2.3

Second Amendment to the Agreement and Plan of Merger, dated May 7, 2026, by and among CrossCountry Intermediate Holdco, LLC, CrossCountry Merger Corp. and Two Harbors Investment Corp. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Two Harbors Investment Corp. with the SEC on May 8, 2026)

99.1

Press Release, dated August 25, 2026.

104

Cover Page Interactive Data File, formatted in Inline XBRL

† Certain schedules and exhibits

have been omitted pursuant to Item 601(a)(5) of Regulation S-K. TWO agrees to furnish supplementally a copy of such schedules and exhibits,

or any section thereof, to the SEC upon its request.

SIGNATURE

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

TWO HARBORS INVESTMENT CORP.

By:

/s/ Rebecca B. Sandberg

Rebecca B. Sandberg

Chief Legal Officer and Secretary

Date:

August 25, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2621794d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

TWO Completes Merger with CrossCountry Mortgage

New York, August 25, 2026 – TWO (Two Harbors Investment

Corp., NYSE: TWO), an MSR-focused REIT, and CrossCountry Mortgage, LLC (“CCM”), today announced that CCM has completed its

previously announced acquisition of TWO.

In connection with the closing of the merger, CrossCountry Merger

Corp., a wholly owned subsidiary of CCM, merged with and into TWO, with TWO surviving the merger as a wholly owned subsidiary of

CCM. TWO stockholders are entitled to receive $12.00 per share in cash for each share of TWO common stock held immediately prior to

the effective time of the merger. In addition, TWO stockholders of record at the close of business on August 24, 2026 are entitled

to receive a stub period dividend in an amount equal to $0.20326 per share of TWO common stock. The stub period dividend will be

paid with the merger consideration and will not reduce or otherwise affect the merger consideration. As a result of the merger,

TWO’s common stock will no longer be listed on the New York Stock Exchange and TWO will become a privately held subsidiary of

CCM.

Advisors

Houlihan Lokey Capital, Inc. served as financial advisor and PJT Partners

served as strategic advisor to TWO. Jones Day served as legal counsel to TWO. Citi served as exclusive financial advisor and Simpson Thacher

& Bartlett LLP served as legal counsel to CCM.

About TWO

TWO, a Maryland corporation, is a real estate investment trust that

invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis

Park, Minnesota.

About CCM

CrossCountry Mortgage is the nation’s number one distributed

retail mortgage lender with more than 9,000 employees operating over 1,000 branches and servicing loans across all 50 states, D.C. and

Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America’s fastest-growing private businesses and

has received many awards for our standout culture. We offer more than 120 mortgage purchase, refinance and home equity solutions –

ranging from conventional and jumbo mortgages to government-insured programs from FHA and programs for Veterans and rural homebuyers –

and we are a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae, and Ginnie Mae NMLS #3029. Through our dedication

to getting it done, we make every mortgage feel like a win. For more information, visit crosscountrymortgage.com.

Contact

TWO Investor Relations

investors@twoinv.com

GRAPHIC

Filename: tm2621794d1_ex99-1img001.jpg · Sequence: 3

Binary file (8707 bytes)

Download tm2621794d1_ex99-1img001.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.1

Cover

Aug. 25, 2026

Document Information [Line Items]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Aug. 25, 2026

Entity File Number

001-34506

Entity Registrant Name

Two Harbors Investment

Corp.

Entity Central Index Key

0001465740

Entity Tax Identification Number

27-0312904

Entity Incorporation, State or Country Code

Entity Address, Address Line One

1601

Utica Avenue South, Suite 900

Entity Address, City or Town

St. Louis Park,

Entity Address, State or Province

Entity Address, Postal Zip Code

55416

City Area Code

612

Local Phone Number

453-4100

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

Common Stock, par value $0.01 per share

Trading Symbol

TWO

Security Exchange Name

NYSE

Series A Preferred Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

8.125% Series A Cumulative Redeemable Preferred Stock

Trading Symbol

TWO PRA

Security Exchange Name

NYSE

Series B Preferred Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

7.625% Series B Cumulative Redeemable Preferred Stock

Trading Symbol

TWO PRB

Security Exchange Name

NYSE

Series C Preferred Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

7.25% Series C Cumulative Redeemable Preferred Stock

Trading Symbol

TWO PRC

Security Exchange Name

NYSE

9.375% Senior Notes Due 2030 [Member]

Document Information [Line Items]

Title of 12(b) Security

9.375% Senior Notes Due 2030

Trading Symbol

TWOD

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=two_NinepointthreesevenfivepercentSeniorNotesDue2030Member

Namespace Prefix:

Data Type:

Balance Type:

Period Type: