Company: TWO-PC
Filing Date: 2025-11-06
Form Type: S-3ASR
Source: 0001104659-25-107870
Chunk: 15

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-11-06
Form: S-3ASR
Chunk 15
---
 Plan Administrator acquires shares directly from us, then the “Investment Date” for optional cash purchases up to $10,000 per**

<div align='center'>6</div>

**TABLE OF CONTENTS

month will be on the 25th calendar day of each month, or the next trading day if the 25th day is not a trading day. To be effective with respect to a particular Investment Date, initial investments and optional cash purchases must be received by the Plan Administrator one business day prior to the applicable Investment Date. If the Plan Administrator acquires shares from third parties other than us through open market transactions, it will attempt to buy our common stock in the open market through a registered broker and then the “Investment Date” will be the date or dates on which the Plan Administrator purchases our common stock for the Plan. Such purchases will begin on the 25th calendar day of each month, or the next trading day if the 25th day is not a trading day, and will be completed no later than 35 days following such date, except where completion at a later date is necessary or advisable under any applicable federal or state securities laws or regulations. In the unlikely event that, due to unusual market conditions, the Plan Administrator is unable to invest the funds within 35 days, the Plan Administrator will return the funds to you by check. No interest will be paid on funds held by the Plan Administrator pending investment. For automatic monthly purchases, the amounts you have authorized will be withdrawn from your bank account on the 23rd day of each month or on the next succeeding business day if the 23rd falls on a weekend or a holiday.

Initial and Optional Cash Purchases in Excess of $10,000 Per Month. The Purchase Dates for optional cash purchases in excess of $10,000 per month are discussed under Question 10 — “How do I make optional cash purchases in excess of $10,000 per month?”**

#### 8.

#### How do I make an initial investment?
If you do not own our common stock in a Plan account, you may make an initial cash purchase for as little as $250, but your initial cash purchase cannot exceed $10,000 per month unless we approve a Request for Waiver. Your initial cash purchase can be made via online enrollment at

#### shareowneronline.com
or by completing and mailing the Account Authorization Form :

•

Authorizing one deduction (minimum of $250) from your bank account;

•

Authorizing a minimum of five consecutive automatic deductions of