Date: Fri, 19 Dec 1997 15:57:36 GMT Server: Stronghold/1.3.4 Ben-SSL/1.3 Apache/1.1.3 Content-type: text/html Content-length: 7097 Last-modified: Thu, 18 Dec 1997 23:54:04 GMT Thornburg Mortgage Asset Corporation

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Thornburg Mortgage Asset Closing Price
for December 18, 1997

TMA 16 15/16

TMA PrA 25 7/16


Thornburg Mortgage Asset Corporation, (NYSE: TMA) is a special purpose financial institution that invests in adjustable rate mortgage securities and by so doing provides capital to the housing market.

While TMA is not a bank or savings and loan, its business is best described in comparison to such institutions. TMA combines its equity capital with borrowed funds, invests in adjustable rate mortgage securities and generates income based on earning more on its assets than it pays for its borrowings. TMA is different from a bank in that, as a real estate investment trust (REIT), it is not subject to corporate income tax since it pays out its taxable earnings to its shareholders in the form of dividends.

TMA has developed a business strategy that it believes reduces many banking risks while retaining attractive profit potential.

The 1996 Thornburg Mortage Asset Corporation Annual Report is now viewable in full html format. Click on the cover to enter.


Thornburg Mortgage Asset Corporation Press Releases

Display the following reports for TMA:
Dividend Reinvestment &
Stock Purchase Plan.
3rd Quarter, 1997
report on Form 10Q
1st Quarter, 1997
report on Form 10Q
2nd Quarter, 1997
report on Form 10Q
Prospectus supplement dated
July 14,1997
If you are interested in shareholder services
go to Continental Stock Transfer & Trust Company

Meet the people behind Thornburg Mortgage Asset Corporation:

H Garrett Thornburg Larry Goldstone

H Garrett Thornburg
Chairman of the Board and
a director of the Company

Larry Goldstone
is the President and a
director of the Company


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