October 22, 2007 / 12:11 PM / 12 years ago

Thornburg CEO buys 1 million shares in company

Oct 22 (Reuters) - Mortgage lender, Thornburg Mortgage Inc TMA.N Chief Executive Garrett Thornburg bought 1 million common shares of the company in an open market purchase on Oct. 19, via Thornburg Revoc Living Trust.

Shares of the company closed at $9.46 Friday on the New York Stock Exchange.

According to a regulatory filing, Thornburg owns 2.6 million shares in the company through Thornburg Revoc Living Trust.

On Oct. 16, Thornburg Mortgage posted a third-quarter loss and suspended its dividend to conserve cash. (Reporting by Shivani Singh in Bangalore)

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