Company: TWO-PC
Filing Date: 2025-05-08
Form Type: 424B5
Source: 0001104659-25-045688
Chunk: 39

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-05-08
Form: 424B5
Chunk 39
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:--|--------:|:--|:--|:--|:----------------------|:--|------------:|:--|:--|:--|:-------------------|:--|------------:|:--|:--|
| Public offering price                             | ​ | ​ | ​        | $ | 25.0000 | ​ | ​ | ​ | ​                     | $ | 100,000,000 | ​ | ​ | ​ | ​                  | $ | 115,000,000 | ​ | ​ |
| Underwriting discounts and commissions paid by us | ​ | ​ | ​        | $ |  0.7875 | ​ | ​ | ​ | ​                     | $ |   3,150,000 | ​ | ​ | ​ | ​                  | $ |   3,622,500 | ​ | ​ |
| Proceeds, before expenses, to us                  | ​ | ​ | ​        | $ | 24.2125 | ​ | ​ | ​ | ​                     | $ |  96,850,000 | ​ | ​ | ​ | ​                  | $ | 111,377,500 | ​ | ​ |

S-24

TABLE OF CONTENTS

We have also agreed to reimburse the reasonable fees and disbursements of counsel for the underwriters up to $150,000 in connection with the offering. We estimate that our total expenses incurred in connection with this offering, excluding the underwriting discounts and commissions, will be approximately $600,000.

We have agreed to indemnify the underwriters and certain of their controlling persons against certain liabilities, including, among other things, liabilities under the Securities Act, and to contribute to payments that the underwriters may be required to make in respect of those liabilities.

#### No Sales of Similar Securities
We have agreed for a period of 30 days following the date of this offering that, without the prior written consent of the representatives, which may not be unreasonably withheld, on behalf of the underwriters, we will not sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, any debt securities issued or guaranteed by us or any securities convertible into or exchangeable or exercisable for debt securities issued or guaranteed by us or file or cause to be declared effective a registration statement under the Securities Act with respect to any of the foregoing; provided, however, that the