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Thornburg Mortgage Asset Corp., 9.68% Series A Cumul Convertible Preferred Stock
Ticker Symbol: TMA-A* CUSIP: 885218206 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/18/2003
Security has been Called for: Monday, August 18, 2003
July 16, 2003 -- Thornburg Mortgage Inc. announced its intention to redeem all 2,760,000 outstanding shares of its Series A 9.68% Cumulative Convertible Preferred Stock (NYSE: TMAPrA, CUSIP No. 885218206) by converting those shares into shares of its common stock. The conversion date is Aug. 18, 2003, at 5 p.m. Eastern Time at which time each share of preferred stock will be converted into one share of common stock.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Thornburg Mortgage Asset Corp., Series A 9.68% Cumulative Convertible Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/31/1999 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9.68% per annum paid quarterly on 1/10, 4/10, 7/10 & 10/10 to holders of record on the date fixed by the board, not more than 60 days prior to the payment date. The preferred shares are convertible any time at the holder's option into one common share of Thornburg Mortgage Inc. (NYSE: TMA), an initial conversion price of $25 per common share. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conv Shrs
Conv Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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9.68%
$2.42
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$25.00
$25.00
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Called for
8/18/2003
None
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Ba3
NF
4/21/2003
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1.00
$25
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1/10, 4/10, 7/10 & 10/10
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (THMRQ)
IPO - 1/22/1997 - 2.40 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $72.9 Million
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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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