Thornburg Mortgage Asset Corp. files $100 million shelf registration statement.SANTA FE Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. , N.M.--(BUSINESS WIRE)--July 17, 1995--Thornburg Mortgage Asset Corp. (NYSE NYSE See: New York Stock Exchange :TMA TMA Turnaround Management Association TMA Texas Medical Association TMA Transportation Management Association TMA Training and Management Assistance (a component of OHRD, which is a component of OWR) TMA Tooling & Manufacturing Association ) Monday announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission to register a shelf offering of up to $100 million of the company's securities. The securities registered for sale can be common stock, preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , debt securities, warrants or shareholder rights. Larry Goldstone gold·stone n. An aventurine with gold-colored inclusions. Noun 1. goldstone - aventurine spangled densely with fine gold-colored particles , president of the company, made the announcement. "By filing this registration statement for a shelf offering, we are increasing the company's flexibility to access the capital markets. This filing will enable the company to respond more quickly to capital raising opportunities when they present themselves in the market," said Goldstone. "Proceeds from any securities offerings by the company will be used for general corporate purposes, including the purchase of additional mortgage instruments, redemption of outstanding indebtedness, financing future acquisitions and working capital purposes," he added. The company does not have a timetable for raising additional capital as the company's registration statement is subject to SEC review before it becomes effective. Thornburg Mortgage Asset Corp. is a mortgage real estate investment trust that invests in a portfolio of adjustable rate mortgage This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. securities and generates income based on the difference between the yield on its assets and the costs of its borrowings. The company has 11,884,810 common shares outstanding. CONTACT: Thornburg Mortgage Asset Corp., Santa Fe Larry Goldstone or Rick Story, 505/989-1900 |
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