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Thornburg Raised Capital - Existing Shareholders Own 5.5%

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March 31, 2008 – Comments (0) | RELATED TICKERS: TMA

Let's see, with today's raising of 1.35 billion in capital, and the existing market cap of $283 million, but existing shareholders share is only 5.5%, well, that would put Thornburg to a market cap of $5.1 billion.

And they have to pay 18% interest...  Just how the heck do they manage that? 

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