Thornburg Mortgage Inc., a lender based in Santa Fe, N.M., has priced 20.0 million shares of series F cumulative convertible redeemable preferred stock at $25 per share.The real estate investment trust said the dividend will be 10% or the quarterly dividend yield received by common shareholders, whichever is greater. The book-running manager of the offering is Friedman, Billings, Ramsey & Co. The REIT, which focuses on the jumbo segment of the adjustable-rate mortgage market, can be found online at http://www.thornburgmortgage.com.
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