Allspring Global Investments Reports 5.0% Stake in Two Harbors

TL;DR

**Allspring Global Investments just disclosed a 5.0% stake in Two Harbors, signaling institutional confidence.**

AI Summary

Allspring Global Investments Holdings, LLC reported on January 11, 2024, that as of December 31, 2023, they beneficially own 5.0% of the common stock of Two Harbors Investment Corp. This filing indicates a significant institutional stake in the mortgage REIT, signaling Allspring's confidence in the company's future or its current valuation. For investors, this means a major financial institution sees value in Two Harbors, which could be a positive indicator, but it also means a large block of shares is held by a single entity, potentially influencing stock volatility.

Why It Matters

This filing reveals a significant institutional investor, Allspring Global Investments, holds a 5.0% stake in Two Harbors Investment Corp., which can influence market perception and stock stability.

Risk Assessment

Risk Level: low — A 13G filing typically indicates passive ownership, which is generally less risky than activist stakes.

Analyst Insight

Investors should note the presence of a significant institutional holder, Allspring Global Investments, which could provide some stability or liquidity to Two Harbors' stock. Monitor future filings for any changes in their ownership percentage, as a decrease could signal a loss of confidence, while an increase might suggest further conviction.

Key Numbers

• 5.0% — Beneficial Ownership (Percentage of Two Harbors Investment Corp. common stock owned by Allspring Global Investments Holdings, LLC.)

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — reporting person, beneficial owner of shares
• TWO HARBORS INVESTMENT CORP. (company) — subject company, issuer of securities
• 5.0% (dollar_amount) — percentage of class beneficially owned
• December 31, 2023 (date) — date of event requiring the filing
• January 11, 2024 (date) — filing date

Forward-Looking Statements

• Allspring Global Investments will maintain its passive stake in Two Harbors Investment Corp. for the foreseeable future. (Allspring Global Investments Holdings, LLC) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• Twoharbors_12312023.htm (SC 13G) — 27KB
• 0001890906-24-000054.txt ( ) — 29KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 5,150,572 (ii) AGI: 5,145,425 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 5.35% (ii) AGI: 5.35% (ii) AFM: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 4,982,096 (2) AGI: 759,610 (3) AFM: 0 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 5,150,572 (2) AGI: 5,145,425 (3) AFM: 0 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 10, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 10, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

View Full Filing

View this SC 13G filing on SEC EDGAR