Company: TWO-PC
Filing Date: 2025-11-12
Form Type: POSASR
Source: 0001104659-25-110386
Chunk: 8

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-11-12
Form: POSASR
Chunk 8
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 pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

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

Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-3 and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in St. Louis Park, Minnesota, as of November 12, 2025.

| TWO HARBORS INVESTMENT CORP.          |                       |
| By:                                   | /s/ William Greenberg |
| William Greenberg                     |                       |
| Chief Executive Officer and President |                       |
| Dated: November 12, 2025              |                       |

Pursuant
to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to the Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.

| Signature             
 /s/ William Greenberg |     | Title                                           
 Chief Executive Officer, President and Director |     | Date              
 November 12, 2025 |
|:----------------------|:----|:------------------------------------------------|:----|:------------------|
| William Greenberg     |     | -Principal Executive Officer                    |     |                   |
| *                     |     | Chief Financial Officer                         |     | November 12, 2025 |
| William Dellal        |     | -Principal Financial Officer                    |     |                   |
| *                     |     | Chief Accounting