TWO HARBORS INVESTMENT CORP.
Subsidiaries of Registrant
The following are significant subsidiaries of Two Harbors Investment Corp. as of March 31, 2012:

Name
State of Incorporation
% of Securities Owned
 
 
 
Capitol Acquisition Corp.
Delaware
100%
 
 
 
Two Harbors Operating Company LLC
Delaware
100%
 
 
 
TH Asset Holdings LLC
Delaware
100%
 
 
 
TH TRS Corp.
Delaware
100%
 
 
 
Two Harbors Property Investment LLC
Delaware
100%
 
 
 
Property Investment Trust 2012-A
Delaware
100%
 
 
 
THPI Acquisition Holdings LLC
Delaware
100%
 
 
 
Two Harbors Asset I, LLC
Delaware
100%