Company: TWO-PC
Filing Date: 2025-05-08
Form Type: 424B5
Source: 0001104659-25-045688
Chunk: 37

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-05-08
Form: 424B5
Chunk 37
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 pursuant to an intergovernmental agreement with the United States). Holders should consult their tax advisors regarding the possible implications of FATCA on their ownership of the notes. We will not pay any additional amounts in respect of any amounts withheld under FATCA.

THE PRECEDING DISCUSSION OF ADDITIONAL MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS IS FOR GENERAL INFORMATION ONLY AND IS NOT TAX ADVICE. WE URGE YOU TO CONSULT YOUR TAX ADVISOR REGARDING THE PARTICULAR U.S. FEDERAL, STATE, LOCAL, AND NON-U.S. TAX CONSEQUENCES OF PURCHASING, HOLDING, AND DISPOSING OF THE NOTES, INCLUDING THE CONSEQUENCES OF ANY PROPOSED CHANGES IN APPLICABLE LAWS.**

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UNDERWRITING Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering and as representatives of the underwriters named below. Subject to the terms and conditions stated in the underwriting agreement, dated the date of this prospectus supplement, each underwriter named below has severally and not jointly agreed to purchase, and we have agreed to sell to that underwriter, the principal amount of the notes set forth opposite that underwriter’s name.

| Underwriters                | ​ | ​ | PrincipalAmount |   |             |   | ​ |
|:----------------------------|:--|:--|:----------------|:--|------------:|:--|:--|
| Morgan Stanley & Co. LLC    | ​ | ​ | ​               | $ |  16,670,000 | ​ | ​ |
| Goldman Sachs & Co. LLC     | ​ | ​ | ​               | $ |  16,666,000 | ​ | ​ |
| Piper Sandler & Co.         | ​ | ​ | ​               | $ |  16,666,000 | ​ | ​ |
| RBC Capital Markets, LLC    | ​ | ​ | ​               | $ |  16,666,000 | ​ | ​ |
| UBS Securities LLC          | ​ | ​ | ​               | $ |  16,666,000 | ​ | ​ |
| Wells Fargo Securities, LLC | ​ | ​ | ​               | $ |  16,