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Thornburg Raises $123M From Stack Offering.(Brief Article)
Santa Fe, NM -- Thornburg Mortgage here has priced a follow-on offering of 4,000,000 shares of common stock at $30.80 per share. Gross proceeds from the transaction were $123.2 million and will be primarily used to fund adjustable-rate loans originated by the company and to purchase additional adjustable-rate mortgage securities, the company said in a news release.
The aggregate net proceeds to Thornburg are estimated to be approximately $117.3 million after taking into account the costs of issuance.
Citigroup Global Markets acted as the book-running lead manager for the transaction. ...
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