THORNBURG MORTGAGE, INC. 20,000,000 Shares 10% Series F Cumulative Convertible Redeemable Preferred Stock (Liquidation Preference $25.00 per share) UNDERWRITING AGREEMENT August 30, 2007Underwriting Agreement • September 4th, 2007 • Thornburg Mortgage Inc • Real estate investment trusts • New York
Thornburg Mortgage, Inc., a Maryland corporation (the “Company”), proposes to issue and sell to Friedman, Billings, Ramsey & Co., Inc. (the “Underwriter”), an aggregate of 20,000,000 shares (the “Firm Shares”) of 10% Series F Cumulative Convertible Redeemable Preferred Stock (liquidation preference $25.00 per share) of the Company (the “Preferred Stock”). In addition, solely for the purpose of covering over-allotments, the Company proposes to grant to the Underwriter the option to purchase from the Company up to an additional 3,000,000 shares of Preferred Stock (the “Additional Shares”). The Firm Shares and the Additional Shares are hereinafter collectively sometimes referred to as the “Shares.” The Shares are described in the Prospectus which is referred to below.
