Company: TWO-PC
Filing Date: 2025-05-08
Form Type: 424B5
Source: 0001104659-25-045688
Chunk: 7

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-05-08
Form: 424B5
Chunk 7
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 agreements and convertible senior notes. Additionally, we finance our origination of mortgage loans through warehouse facilities.

We have elected to be treated as a REIT for U.S. federal income tax purposes. To qualify as a REIT, we are required to meet certain investment and operating tests and annual distribution requirements. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders, do not participate in prohibited transactions and maintain our intended qualification as a REIT. However, certain activities that we may perform may cause us to earn income which will not be qualifying income for REIT purposes. We have designated one of our subsidiaries as a taxable REIT subsidiary, or TRS, as defined in the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code, to engage in such activities, and we may form additional TRSs in the future. We also operate our business in a manner that will permit us to maintain our exemption from registration under the Investment Company Act of 1940, as amended, or the 1940 Act.

#### Corporate Information
Our principal executive offices are located at 1601 Utica Avenue South, Suite 900, St. Louis Park, Minnesota 55416, and our telephone number is (612) 453-4100. Our common stock, our 8.125% Series A Cumulative Redeemable Preferred Stock, or Series A Preferred Stock, our 7.625% Series B Cumulative Redeemable Preferred Stock, or Series B Preferred Stock, and our 7.25% Series C Cumulative Redeemable Preferred Stock, or Series C Preferred Stock, are listed on the NYSE, under the symbols “TWO,” “TWO PRA,” “TWO PRB,” and “TWO PRC,” respectively. Our website address is www.twoinv.com . Our website and the information contained at or connected to our website do not constitute a part of this prospectus supplement, the accompanying prospectus or any amendment or supplement thereto.

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TABLE OF CONTENTS

### THE OFFERING
The following is a brief summary of certain terms of this offering. For a more complete description of the terms of the notes, see “Description of the Notes” in this prospectus supplement and “Description of Debt Securities” in the accompanying prospectus.

Issuer

Two Harbors Investment Corp., a Maryland corporation.