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Thornburg Mortgage, Inc.
Ticker Symbol: THMRQ* CUSIP: 885218107 Exchange: OTOTC
* NOTE: This security is no longer trading as of 5/02/2012
Company's Online Profile
BUSINESS: Thornburg Mortgage is a leading single-family residential mortgage lender focused principally on the jumbo segment of the adjustable rate mortgage market. Backed by a balance sheet of over $29 billion in high-quality assets, the company seeks to deliver attractive dividend income and steady growth for its shareholders by acquiring high-quality mortgage-backed securities and growing its share of the mortgage loan origination business. Capitalizing on its innovative portfolio lending model, REIT tax structure and leading-edge technology, Thornburg Mortgage is a highly efficient provider of specialized mortgage loan products for borrowers nationwide with excellent credit, and is positioned to become one of the top 50 mortgage lenders in the country.
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Find All Related Securities for THMRQ
Notes: Bankruptcy per the Other OTC on 5/4/2009. ____________ November 21, 2008 -- Thornburg Mortgage, Inc. announced today that it has successfully completed the Exchange Offer and Consent Solicitation for all series of its outstanding preferred stock that expired on November 19, 2008. Shareholders who participated in the Exchange Offer and Consent Solicitation received 3 shares of the company’s common stock for each share of preferred stock validly tendered and accepted. The company issued 126,260,109 shares of common stock on November 21, 2008 in exchange for validly tendered shares of 95.6% of its outstanding preferred stock. In addition, on November 20, 2008, the company filed amendments to its Charter to modify the terms of each series of preferred stock. As a result of the completion of the Exchange Offer and Consent Solicitation, the preferred stock no longer meets the continued listing criteria under the New York Stock Exchange Listing Company Manual. The NYSE issued a press release on November 20, 2008 announcing that trading in all series of preferred stock would be suspended on November 20, 2008 and that suspension and delisting procedures would begin promptly. The company does not intend to list the preferred stock on any other national securities exchange. The remaining preferred stock may be traded on over-the-counter (OTC) markets. ____________ Mar 31, 2008 -- From the Thornburg Mortgage, Inc. news release dated 3/31/2008 -- The company will conduct a tender offer for all of its outstanding preferred stock at a price of $5 per $25 of liquidation value, plus, upon shareholder approval of additional authorized shares, warrants to purchase an aggregate of 5% of the company's common stock outstanding on a fully diluted basis or, if shareholder approval is not obtained, alternative consideration. To the extent that the escrowed funds are not used to purchase the preferred shares that are tendered, unused escrow funds will be returned to the investors. Additionally, the company has suspended dividend payments on all outstanding series of preferred stock.
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Previous Ticker Symbol: TMA Changed: 12/04/2008
Previous Name: Thornburg Mortgage Asset Corp. Changed: 7/31/2000
Large Cap Stock -
Market Value $2.7 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 150 Washington Avenue, Suite 302, Santa Fe, NM 87501 |
| Main Phone Number |
505-989-1900 |
| Fax Number |
505-989-8156 |
| Investor Relations
Leanne L. Gallagher
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505-954-5302
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| Toll Free Phone Number |
888-898-8698 |
| CEO - Garrett Thornburg |
PRS - Larry A. Goldstone |
CFO - Richard P. Story |
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