Two Harbors Investment Corp. To Sponsor 35th Annual Grandma's Marathon

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) announced today that it will be a major sponsor of the 35th Annual Grandma's Marathon.

Grandma's Marathon represents a "World Class Event with Small Town Charm." For more than three decades, Grandma's Marathon weekend has been a marquee Minnesota event. It is a world-ranked event, drawing more than 15,000 participants from across the globe last year. This year's race, which follows the scenic route from Two Harbors to Duluth, Minnesota, is being held on Saturday, June 18, 2011.

"As a Minnesota-headquartered company, we are proud to sponsor this local event," said Thomas Siering, Two Harbors' President and Chief Executive Officer. "The story of our company begins in Two Harbors and so does Grandma's Marathon, which makes this a perfect partnership."

"Grandma's Marathon's success each year is due to the support of devoted volunteers, runners and sponsors," said Scott Keenan, Executive Director of Grandma's Marathon-Duluth, Inc. "We are extremely pleased to welcome Two Harbors as a major sponsor in this very special 35th Anniversary year."

Grandma's Marathon-Duluth, Inc.

Grandma's Marathon-Duluth, Inc. is a Duluth, Minn.-based non-profit organization responsible for coordinating the annual running of Grandma's Marathon and its supporting events, including the Garry Bjorklund Half Marathon, William A. Irvin 5K, Whipper Snapper Races for Kids and Essentia Health Fitness and Health Expo. The organization also administers the Young Athletes Foundation (YAF), which assists with the promotion and development of youth athletics in a five-county region in northeastern Minnesota and northwestern Wisconsin. The YAF has contributed more than $425,000 to area youth athletic programs with the help of annual fundraising efforts including the Fitger's 5K and Park Point 5-Miler. For more information visit www.GrandmasMarathon.com.

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities. 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 330, Minnetonka, MN 55305, telephone 612-238-3300.

    Source: Two Harbors Investment Corp.

Released April 6, 2011