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The stock was down 19 cents around 9:05 am ET, sliding to 15 cents. If pre-market losses hold, the stock will open at a new low.
Thornburg Mortgage announced amendment and extension of exchange offer and consent solicitation. The company specified that the amendment was for all outstanding shares of its 8% Series C Cumulative Redeemable Preferred Stock, Series D Adjusting Rate Cumulative Redeemable Preferred Stock, 7.50% Series E Cumulative Convertible Redeemable Preferred Stock and 10% Series F Cumulative Convertible Redeemable Preferred Stock.
The company specified that this amendment was mainly for to remove guaranteed delivery procedures and extend the exchange offer expiration date to September 23, 2008.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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