Two Harbors Investment Corp. Announces First Quarter 2012 Dividend of $0.40 per Share

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) today declared a quarterly dividend of $0.40 per share of common stock for the first quarter of 2012. This dividend is payable April 20, 2012 to common stockholders of record at the close of business on March 26, 2012.

Two Harbors distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings are expected to differ principally because of differences in discount accretion and premium amortization, certain non-taxable unrealized gains and losses on derivatives, and non-deductible general and administrative expenses.

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, residential real properties and other financial assets. Two Harbors is headquartered in Minnetonka, Minnesota, and is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.

Additional Information

Stockholders and warrant holders of Two Harbors, and other interested persons, may find additional information regarding the company at the Securities and Exchange Commission’s Internet site at www.sec.gov or by directing requests to: Two Harbors Investment Corp., 601 Carlson Parkway, Suite 150, Minnetonka, MN 55305, telephone 612-629-2500.

Two Harbors Investment Corp.
Christine Battist, Investor Relations
612-629-2507
christine.battist@twoharborsinvestment.com

Source: Two Harbors Investment Corp.

Released March 14, 2012