Thornburg Mortgage Announces NYSE Trading Suspension Due to Non-Compliance with Minimum Price Standard
03 12월 2008 - 10:00PM
Business Wire
Thornburg Mortgage, Inc. (NYSE:TMA), today announced that on
December 1, 2008, the company was notified by the NYSE Regulation,
Inc. ("NYSER") that the NYSER has determined that the company�s
common stock should be suspended from trading prior to market
opening on Friday, December 5, 2008. The company�s common stock
price had fallen below the New York Stock Exchange�s (�NYSE�)
continued listing standard by having an average closing price of
less than $1.00 over a consecutive 30-trading day period in May,
2008 and the company failed to cure this non-compliance within the
required six-month period. In addition, the company�s common stock
price was under $1.00 at the end of the six-month period. The NYSE
will initiate the process of delisting the company's common stock,
subject to the completion of applicable procedures, including the
company's right to request a review by a committee of the Board of
Directors of the NYSER. The company currently does not plan to
appeal the ruling however it may make the decision to so within 10
business days after receiving the NYSER notice on December 1, 2008.
The company expects that its common stock will be quoted on the OTC
Bulletin Board and/or the Pink Sheets following suspension from the
NYSE. The delisting from the NYSE does not constitute a default
under the company's lending arrangements and will not change the
company's filing of periodic and other reports with the Securities
and Exchange Commission under applicable federal securities laws.
Thornburg Mortgage is a leading single-family residential mortgage
lender focused principally on prime and super-prime borrowers
seeking jumbo and super-jumbo adjustable-rate mortgages.
Thornburg (NYSE:TMA)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Thornburg (NYSE:TMA)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024