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Friday, 05/27/2011 6:33:50 AM

Friday, May 27, 2011 6:33:50 AM

Post# of 22
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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