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[Note on Thornburg (TMA)]

Dear Member:

As I write this note, Thornburg Mortgage (TMA) is down 68 cents from yesterday. Not surprisingly, that is the amount of the dividend per share I will receive on November 15 so I am not at all concerned. Often when a stock goes ex-dividend as TMA has, the stock price drops the amount of the dividend. Now I want to watch the movement and see if I get a bounce in the next few days.

DISCLOSURE: At the time of publication, I own shares of TMA.

Sincerely,
Bill Kraft

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