Item 8.01 Other Events.

As previously disclosed, on April 13, 2020, Two Harbors Investment Corp. (the "Company") announced that it had elected not to renew its Management Agreement with PRCM Advisers LLC on the basis of unfair compensation payable to PRCM Advisers in accordance with Section 13(a)(ii) of the Management Agreement. Further, on July 15, 2020, the Company provided PRCM Advisers with a notice of termination of the Management Agreement for "cause" in accordance with Section 15(a) of the Management Agreement. Subsequent to these events, the Securities Exchange Commission ("SEC") advised Company that it had opened an investigation in connection with the Company's decisions not to renew the Management Agreement on the basis of unfair compensation payable to PRCM Advisers and to terminate the Management Agreement for "cause."

On January 5, 2022, the SEC informed the Company that it has concluded its investigation as to the Company and that, based on the information provided to the SEC as of such date, it does not intend to recommend any enforcement action against the Company.

Forward-Looking Statements

Certain items in this Current Report on Form 8-K may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "target," "assume," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Additional information concerning these and other risk factors is contained in the Company's most recent filings with the SEC. All subsequent written and oral forward-looking statements concerning the Company or matters attributable to the Company or any person acting on its behalf are qualified in their entirety by the cautionary statements above. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

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