Two Harbors Investment Corp. Announces Dividend Reinvestment and Direct Share Purchase Plan

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE Amex: TWO; TWO.WS) announced today that the company has implemented a Dividend Reinvestment and Direct Share Purchase Plan (the "Plan"). The Plan enables registered stockholders to automatically reinvest dividends in shares of the company's common stock and to purchase additional shares of common stock directly from time to time.

The Plan is administered by The Bank of New York Mellon. Copies of the Plan prospectus and information concerning the Plan, including how to enroll, may be obtained by contacting The Bank of New York Mellon at:

The Bank of New York Mellon

c/o BNY Mellon Shareowner Services

P.O. Box 358035

Pittsburgh, PA 15252-8035

U.S Toll Free: (800) 851-9677

International: (201) 680-6578

TDD: (800) 231-5469

Internet: https://www.bnymellon.com/shareowner/equityaccess

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the company's securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About 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.

Cautionary Notice Regarding Forward-Looking Statements

This release may include statements and information that constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are including this statement for purposes of invoking these safe harbor provisions. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks identified under the captions "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our public filings with the SEC, which are available on the SEC's website at www.sec.gov.

All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

    Source: Two Harbors Investment Corp.

Released January 10, 2011