Company: TWO-PC
Filing Date: 2025-11-06
Form Type: S-3ASR
Source: 0001104659-25-107870
Chunk: 21

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-11-06
Form: S-3ASR
Chunk 21
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 to an approved Request for Waiver within three business days after each Purchase Date. We may activate the continuous settlement feature for a particular investment at the time we determine other pricing terms in respect of shares of common stock to be sold pursuant to an approved Request for Waiver.

We may alter, amend, supplement or waive, in our sole discretion, the time periods and/or other parameters relating to optional cash purchases in excess of $10,000 made by one or more participants in the Plan or new investors, at any time and from time to time, prior to the granting of any request for waiver or within a pricing period as determined by us.

#### 11.

#### Will I receive certificates for shares purchased?
No, because the Plan provides for share safekeeping. For your convenience, the Plan Administrator will maintain shares purchased under the Plan in your name. Safekeeping protects your shares against loss, theft or accidental destruction and also provides a convenient way for you to keep track of your shares.

#### Direct Registration.
We participate in the Direct Registration System, or DRS. DRS is a method of recording shares of stock in book-entry form. Book-entry means that your shares are registered in your name on the books of the company without the need for physical certificates and are held separately from any Plan shares you may own. Shares held in book-entry have all the traditional rights and privileges as shares held in certificate form. With DRS you can:

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eliminate the risk and cost of storing certificates in a secure place;

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eliminate the cost associated with replacing lost, stolen, or destroyed certificates; and

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move shares electronically to your broker.

#### How to Get Started.
Any future share transactions will be issued to book-entry form rather than physical certificates. You may convert any stock certificate(s) you are currently holding into book-entry form. Send the stock certificate(s) to Equiniti Trust Company, LLC with a request to deposit them to your account. There is no cost to you for this custodial service and by doing so you will be relieved of the responsibility for loss or theft of your certificate(s).

#### Your certificate(s) should not be endorsed
, and we recommend sending your certificate registered insured mail for 5% of the current market value (see Question 12 — “Can I deposit a certificate?” ).

#### Electronic Share Movement.
You may choose to have a portion or all of your full book-entry or Plan shares delivered directly to your broker by contacting your broker. When using your broker to facilitate a share movement, provide them with