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Published on 2/20/2009 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Thornburg issues shares in exchange for $2.5 million notes due 2015

By Susanna Moon

Chicago, Feb. 20 - Thornburg Mortgage, Inc. issued 4.5 million common shares in exchange for $2.5 million of its senior subordinated secured notes due 2015, according to an 8-K filing with the Securities and Exchange Commission.

The shares were issued on Feb. 18.

Thornburg is a Santa Fe, N.M., lender specializing in jumbo mortgages.


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