THORNBURG MORTGAGE, INC. 2,750,000 Shares (Liquidation Preference $25.00 per share) UNDERWRITING AGREEMENT June 14, 2007Underwriting Agreement • June 18th, 2007 • Thornburg Mortgage Inc • Real estate investment trusts • New York
Thornburg Mortgage, Inc., a Maryland corporation (the “Company”), proposes to issue and sell to the underwriters named in Schedule A hereto (the “Underwriters”), including Stifel, Nicolaus & Company, Incorporated (“Stifel”) and A.G. Edwards & Sons, Inc., as representatives of the several Underwriters (together, the “Representatives”), an aggregate of 2,750,000 shares (the “Firm Shares”) of 7.50% Series E 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 Underwriters the option to purchase from the Company up to an additional 412,500 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.
