Thornburg Prices Preferred Stock

Published June 11, 2007, 2:00 p.m. EDT

1 Min Read

Thornburg Mortgage Inc., a lender based in Santa Fe, N.M., has priced 2.0 million shares of series E cumulative convertible redeemable preferred stock at $25 per share.The real estate investment trust said the dividend and the conversion rate will be fixed at the time of sale. The joint book-running managers of the offering are Stifel, Nicolaus & Co. and A.G. Edwards & Sons. The underwriters have been given an option to buy up to 300,000 additional shares to cover any overallotments. The REIT can be found online at http://www.thornburgmortgage.com.

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