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News for Investors

Important Letter regarding Thornburg Investment Management and Thornburg Mortgage
Thornburg Chief Investment Officer Brian McMahon is featured guest on Bloomberg Open Exchange. Brian discusses energy earnings estimates, opportunities in the current market, the outlook for the future and a few specific stocks. April 9, 2008 21:06 Streaming Windows Media File
First Class Thinker. Interview with Growth Manager Alex Motola - Reprinted from Morningstar Advisor, Spring, 2008
Co-Portfolio Manager Wendy Trevisani appears on CNBC's 5 Star Investors and discusses the current market environment around the world. March 19, 2008 Streaming Windows Media File

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Read Press Release

"Through CEFEX's independent assessment, which addresses the audit specifications defined in the new U.S. Pension Protection Act, the certification provides assurance to investors, both institutional and individual, that Thornburg Investment Management has demonstrated adherence to the industry's best fiduciary practices."

Carlos Panksep, General Manager of the Centre for Fiduciary Excellence

The Centre for Fiduciary Excellence (“CEFEX”) is an independent organization with a global initiative to promote fiduciary best practices among Investment Stewards, Investment Advisors, and Investment Managers. A CEFEX Fiduciary Certification is an independent recognition of an Investment Manager’s conformity to the Global Fiduciary Standards of Excellence developed by CEFEX. The Fiduciary Certification is performed by a qualified CEFEX Analyst and is reviewed by the CEFEX Certification Committee to ensure complete impartiality.

Important message for Canadian trade-matching parties.

Thornburg Investment Management^® 119 East Marcy Street, Santa Fe, NM 87501, 1-800-847-0200, info@thornburg.com
Thornburg Funds are distributed by Thornburg Securities Corporation^®
© 2001-2008 Thornburg Investment Management, Inc. All rights reserved. webmaster@thornburg.com

Code of Business Conduct and Ethics

Proxy Voting Policy

USA Patriot Act

Business Continuity Plans

Thornburg Investment Management, Inc. mutual funds are sold through investment professionals including investment advisors, brokerage firms, bank trust departments, trust companies and certain other financial intermediaries. Thornburg Securities Corporation (TSC) does not act as broker of record for investors unless TSC is registered, or exempt from registration, as a broker dealer in the state in which the investor lives.

Not FDIC Insured, May Lose Value, No Bank Guarantee.