DEBT AND EQUITIES

Two Harbors Investment Corp., Minnetonka, has completed its public offering of 50 million common shares and issuance of an additional 7.5 million common shares pursuant to the underwriters' full exercise of their overallotment option. The total offering of 57.5 million shares produced net proceeds of about $763 million, after discounts and expenses. The company expects to use the net proceeds from this offering to make acquisitions of its target assets, and for other general corporate purposes.