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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (39541)	8/29/2005 8:04:52 PM
From: Lizzie Tudor	Respond to of 306849

Maybe I haven't been paying attention but I don't think I've ever seen an announcement quite this brash about insider purchasing. Wierd or what? And take a look at the boilerplate statement below. So trumped up it almost seems like a scam. (I can't seem to remember how to make fixed font work on this table) Thornburg Mortgage Announces Share Purchases by Top Management SANTA FE, N.M.--(BUSINESS WIRE)--Aug. 29, 2005--Thornburg Mortgage Inc. (NYSE: TMA - News) announced today that certain key officers acquired additional shares of the company's common stock. The acquisitions are as follows: Shares Individual Position Purchased ---------- -------- --------- Garrett Thornburg Chairman of the Board and Chief Executive Officer 159,377 Larry Goldstone Director, President and Chief Operating Officer 4,981 Joseph Badal Director, Senior Executive Vice President and Chief Lending Officer 1,992 Clarence Simmons Senior Executive Vice President and Chief Financial Officer 5,152 Subsequent to these acquisitions, these individuals, as well as the remaining directors and executive officers of the company, held the following number of shares: Shares Individual Position Held ---------- -------- ------ Garrett Thornburg Chairman of the Board and Chief Executive Officer 935,788 Larry Goldstone Director, President and Chief Operating Officer 202,567 Joseph Badal Director, Senior Executive Vice President and Chief Lending Officer 35,464 Clarence Simmons Senior Executive Vice President and Chief Financial Officer 22,152 Anne-Drue Anderson Independent Director 2,651 David Ater Independent Director 76,762 Eliot Cutler Independent Director 7,921 Ike Kalangis Independent Director 14,333 Owen Lopez Independent Director 15,677 Francis Mullin Independent Director 20,598 Stuart Sherman Independent Director 17,656 Thornburg Mortgage is a leading single-family residential mortgage lender focused principally on the jumbo segment of the adjustable rate mortgage market. Backed by a balance sheet of $34.5 billion in high-quality assets, the company seeks to deliver attractive dividend income and steady growth for its shareholders by acquiring high-quality mortgage-backed securities and growing its share of the mortgage loan origination business. Capitalizing on its innovative portfolio lending model, REIT tax structure and leading-edge technology, Thornburg Mortgage is a highly efficient provider of specialized mortgage loan products for borrowers nationwide with excellent credit, and is positioned to become one of the top 50 single-family residential lenders in the country. We invite you to visit the company's Web site at www.thornburgmortgage.com. biz.yahoo.com