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Thornburg Mortgage, Inc.Series F 10% (fka THMMQ) RSS Feed

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Created
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THMMQ

Info about the BANKRUPTCY - - -http://dm.epiq11.com/TMI/Project/default.aspx

 

Thornburg Mortgage Inc., 10% Series F Cumul Convertible Redeem Preferred Stock
Ticker Symbol: THMMQ     CUSIP: 885218701     Exchange: OTOTC

 

Security's Distribution is Suspended!

 

SECURITY DESCRIPTION:  Thornburg Mortgage Inc., 10% Series F Cumulative Convertible Redeemable Preferred Stock, liquidation preference $25 per share, and with no stated maturity. Distributions of 10% ($2.50) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date of 1/31, 4/30, 7/31 & 10/31 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). In the event that the shares are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements, the company has the option to redeem the preferred stock for $25 per share plus accrued and unpaid dividends. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 2.1739 common shares of Thornburg Mortgage Inc. (NYSE: TMA), an initial conversion price of $11.50 per common share. On or after 9/7/2012, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the 'Link to IPO Prospectus' provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
OTOTC
Chart
10.00%
$2.5
$25.00
$25.00
9/07/2012
None
WR / D
2/16/09
2.1739
$11.50
Suspended!
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

 

Link to Prospectus
 

O/S 20,000,000

There are three more $25.00 Preferreds for Thornburg:

THMOQ - 4 Million O/S

THMPQ - 2 Million O/S

THNMQ - 2.75 Million O/S

 

 

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