Company: TWO-PC
Filing Date: 2025-11-06
Form Type: S-3ASR
Source: 0001104659-25-107870
Chunk: 10

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-11-06
Form: S-3ASR
Chunk 10
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 established by us), you must submit a request for our prior written approval, or a Request for Waiver, and a copy of our written approval must accompany any such optional cash purchase (see Question 10 — “How do I make optional cash purchases in excess of $10,000 per month?” ). Alternatively, you may authorize the automatic withdrawal feature and initiate your investment with only $50 and a commitment for at least five sequential transactions. We may change these minimum and maximum amounts at any time in our sole discretion.

#### Automatic dividend reinvestment
You may reinvest your dividends in additional shares of our common stock. If the shares are purchased in the open market, the purchase price will be the average price per share of shares purchased. If the shares

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are purchased from us, the purchase price will be the closing price, rounded to four decimal places, of our common stock as reported on the NYSE on the date the shares are purchased.

#### Optional cash purchases up to $10,000 per month
You may buy shares of our common stock if you are a participant in the Plan. You may make monthly investments of as little as $50 (or $250 in the case of your initial investment), or as much as $10,000 per month, and you can pay either by check or have your payment automatically withdrawn from your bank account. We may change these minimum and maximum amounts at any time in our sole discretion or we may suspend the right to make optional cash purchases for any period of time.

Optional cash purchases in excess of $10,000 per month

Optional cash purchases in excess of $10,000 per month may be made only pursuant to an approved Request for Waiver and are not subject to a predetermined maximum limit on the amount of the investment. The discount, if any, on optional cash purchases in excess of $10,000 per month made pursuant to such requests will range from 0% to 3% and will be established at our discretion, along with any other terms, after a review of current market conditions, the level of participation and our current and projected capital needs (see Question 10 — “How do I make optional cash purchases in excess of $10,000 per month?” ).

#### Convenient share sales
You may sell your shares of our common stock acquired through the Plan through the Plan Administrator and pay fees that may be lower than those typically charged by stockbrokers for small transactions.

#### Full investment
Full investment of your