Two Harbors Investment Corp. is a U.S. focused REIT that manages and invests in non-agency securities, residential mortgage-backed securities and other financial assets. Their target assets include fixed and adjustable-rate mortgage loans, non-agency securities and non-hedging transactions. Incorporated in 2009 and headquartered in Minnetonka, Minnesota, Two Harbors Investment Corp. operates under REIT tax regulations, and as such, must distribute at least 90% of its annual taxable income to its stockholders.