TWO Provides Business Update

About this update from Two Harbors Investment Corp

Announces Resolution of Litigation and Third Quarter 2025 Common and Preferred Stock Dividends NEW YORK, August 20, 2025 --( BUSINESS WIRE )-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today provided a business update regarding the resolution of pending litigation and its third quarter 2025 common and preferred stock dividends. Resolution of Pine River Litigation "The resolution of this matter is an important development for our company that allows us to move forward with clarity and certainty of purpose," said Bill Greenberg, TWO’s President and CEO. "We believe we are well positioned with the depth of expertise, investment strategy and operational opportunities to execute and deliver value for our stockholders." Business Update Third Quarter Common and Preferred Stock Dividends The Board of Directors of TWO today declared a dividend of $0.34 per share of common stock for the third quarter of 2025. The third quarter dividend is payable on October 29, 2025 to common stockholders of record at the close of business on October 3, 2025. The company’s common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. The third quarter 2025 dividend reflects the company’s book value after giving effect to the settlement payment. TWO also declared today the following preferred stock dividends for the third quarter of 2025: The Series A, Series B and Series C preferred dividends are payable on October 27, 2025 to the applicable preferred stockholders of record at the close of business on October 10, 2025. Cautionary Note Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but constitute the Company’s current expectations based on reasonable assumptions. Such forward-looking statements include, but are not limited to, those related to the settlement agreement, the funding of the settlement payment, estimated book values, the company’s liquidity position, the payment of the third quarter common and preferred stock dividends, the company’s subservicing business and new client relationships, and the sale of MSR assets and closing thereof. Actual results could differ materially from those projected in the Company’s forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the prospectus supplement related to the offering and the Company’s filings with the SEC, including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in the Company’s 2024 Annual Report on Form 10-K and in any subsequent reports filed with the SEC. Potential investors are encouraged to read the Company’s filings to learn more about the risk factors associated with the Company’s business. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at www.twoinv.com , at the Securities and Exchange Commission’s internet site at www.sec.gov or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100. View source version on businesswire.com: https://www.businesswire.com/news/home/20250819460786/en/ Contacts Margaret Karr, Head of Investor Relations, TWO, (612) 453-4080, [email protected]

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