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NYSE Suspends Thornburg Mortgage, Inc. and Moves to Remove from the List
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NEW YORK, December 1, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Thornburg Mortgage, Inc. (the "REIT") – ticker symbol TMA – should be suspended prior to the opening on Friday, December 5, 2008.
The REIT’s common stock had fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard for average closing price of less than $1.00 over a consecutive 30 trading day period and the REIT failed to cure this non-compliance within the required six month period.
The REIT has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the SEC to delist the issue is pending the completion of applicable procedures, including any appeal by the REIT of the NYSE Regulation staff’s decision. The NYSE may, at any time, suspend a security if it believes that continued dealings in or listing of the security on the NYSE is not advisable.
REIT contacts:
Thornburg Mortgage, Inc., Santa Fe Investor Relations: 505.989.1900
or
Media: Suzanne O'Leary Lopez at 505.467.5166 or ir@thornburgmortgage.com
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting
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