Company: TWO-PC
Filing Date: 2025-11-12
Form Type: POSASR
Source: 0001104659-25-110386
Chunk: 1

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-11-12
Form: POSASR
Chunk 1
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amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering. x

If this Form is a registration
statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the
Commission pursuant to Rule 462(e) under the Securities Act, check the following box. x

If this Form is a post-effective
amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional
classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨

Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging
growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting
company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check One):

Large Accelerated Filer x
Accelerated Filer ¨ Non-Accelerated Filer ¨ Smaller Reporting Company ¨
Emerging Growth Company ¨

If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standard provided pursuant to section 7(a)(2)(B) of the Securities Act of 1933. ¨

<div align='center'>EXPLANATORY NOTE</div>

Two Harbors Investment Corp.
is filing this Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 (File No. 333-291338) as an exhibit-only
filing for the sole purpose of filing an updated auditor consent, dated November 6, 2025, as Exhibit 23.1. Other than the addition
of the exhibit and corresponding changes to the exhibit index, the remainder of the Registration Statement remains unchanged.
Accordingly, the prospectus that forms a part of the Registration Statement is not reproduced in this Post-Effective Amendment No.
1. This Post-Effective Amendment No. 1 does not reflect events occurring after the submission date of the Registration Statement or
modify or update the disclosures therein in any way other than as required to reflect the amendment set forth below.

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