Capstead Mortgage Corporation Declares
Dividends on Its Preferred Stocks
September 02, 2010 04:23 PM Eastern Daylight Time
DALLAS--(EON: Enhanced Online News)--The Board of Directors of Capstead Mortgage Corporation (NYSE:
CMO) announced today that it will pay the regular quarterly dividend of $0.40 per share on the $1.60 Cumulative
Preferred Stock, Series A (NYSE: CMOPRA), and the regular monthly dividend of $0.105 per share on the $1.26
Cumulative Convertible Preferred Stock, Series B (NYSE: CMOPRB). The dividends are payable on September
30, to stockholders of record as of September 20, 2010.
Holders of the Series A and B preferred shares may convert into shares of the Company's common stock at any
time; however, currently it is not economically advantageous for the Series B stockholders to do so. Each Series A
Preferred share is currently convertible into 1.6479 shares of common stock. Each Series B Preferred share is
currently convertible into 0.6366 shares of common stock.
Any conversion requested after one or more preferred record dates within the quarter and on or before the record
date for the quarterly common stock dividend will require payment to the Company of all preferred share dividends
declared and paid for the corresponding quarter.
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate
investment trust for federal income tax purposes. Capstead earns income from investing in a leveraged portfolio of
residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage securities
issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the
federal government, Ginnie Mae.
Capstead Mortgage Corporation
Stockholder Relations, 214-874-2339