Two Harbors Prices Public Offering of Common Stock

Two Harbors Investment Corp., a Minnetonka, Minn.-based real estate investment trust that invests in mortgage-backed securities, has priced a public offering of 11,500,000 shares of its common stock at a price of $8.90 per share, for gross proceeds of approximately $102.4 million. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of the company's common stock to cover over-allotments, if any. The offering is expected to close on or about April 26, 2010. Credit Suisse Securities LLC is acting as sole book-runner for the offering. Barclays Capital Inc. and JMP Securities LLC are acting as joint lead managers. Ladenburg Thalmann & Co., Inc. is serving as a co-manager in the transaction. At the end of the session on Wednesday, Two Harbors was trading at $8.85 per share, down $0.13 on the day.