reports
Capstead Mortgage Corporation Stockholders Approve Merger with Frankli...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: CMO) (“Capstead”) announced that at its special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, Capstead stockholders approved the merger transaction (the “Merger”) in which Capstead will merge with and into Rodeo Sub I, LLC (“Merger Sub”), a wholly-owned subsidiary of Franklin BSP Realty Trust, Inc. (f/k/a Benefit Street Partners Realty Trust, Inc.) (“FBRT”), pursuant to the previously announced Agreement and Plan of Merger entered into among Capstead, FBRT, Merger Sub and B...
Franklin BSP Realty Trust, Inc. and Capstead Mortgage Corporation Anno...
NEW YORK & DALLAS--(BUSINESS WIRE)-- Franklin BSP Realty Trust, Inc. (f/k/a Benefit Street Partners Realty Trust, Inc.) (“FBRT”), a publicly-registered, non-listed real estate investment trust (“REIT”), and Capstead Mortgage Corporation (NYSE: CMO) (“Capstead”), a REIT, today announced the final exchange ratio and cash consideration for the previously announced proposed merger between FBRT and Capstead. Summary If the proposed merger is completed prior to market open on October 19, 2021, as is currently anticipated, each outstanding share of common stock of Capstead (“Capstead Common Stock”...
Capstead Mortgage Corporation Declares Interim Common Dividend of $0.0...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that its Board of Directors has declared an interim dividend of $0.014 per common share. The dividend is payable on October 18, 2021 to common stockholders of record as of October 13, 2021. Interim Dividend Requirement The interim fourth quarter dividend is being made pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of July 25, 2021, as amended pursuant to that certain First Amendment to Agreement and Plan of Merger, dated as of September 22, ...
Capstead Mortgage Corporation Declares Third Quarter 2021 Common Divid...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that its Board of Directors has declared a third quarter 2021 common dividend of $0.0725 per common share. The dividend is payable on October 15, 2021 to common stockholders of record as of September 30, 2021. Capstead’s Board of Directors also declared a third quarter 2021 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: ). This dividend is payable on October 15, 2021 to Series E preferred stockholders of record as of September 30, 20...
Capstead Mortgage Corporation Announces Second Quarter 2021 Results
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: ) today announced financial results for the quarter ended June 30, 2021. Second Quarter 2021 Summary Recognized GAAP net income of $15.5 million or $0.11 per diluted common share Generated core earnings of $13.8 million or $0.09 per diluted common share Paid a $0.15 dividend per common share for the seventh consecutive quarter Reported book value per common share of $6.35 per common share Agency-guaranteed residential adjustable-rate mortgage (ARM) portfolio ended the quarter at $7.4 billion...
Benefit Street Partners Realty Trust and Capstead Mortgage Corporation...
NEW YORK & DALLAS--(BUSINESS WIRE)-- Benefit Street Partners Realty Trust, Inc. (“BSPRT”), a publicly-registered, non-listed real estate investment trust (“REIT”), and Capstead Mortgage Corporation (NYSE: CMO) (“Capstead”), a REIT, today announced they have entered into a definitive merger agreement. Under the terms of the agreement, Capstead common stockholders will receive a cash payment equal to a 15.75% premium to Capstead’s diluted book value per share and shares of BSPRT common stock calculated on an adjusted “book-for-book” basis. The book values for Capstead and BSPRT used to calculate...
Capstead Mortgage Corporation Schedules Second Quarter 2021 Earnings R...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that it will release its second quarter 2021 results following the close of trading on the New York Stock Exchange on Wednesday, July 28, 2021. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, July 29, 2021, at 10:00 a.m. ET. To access the conference call, dial toll free (877) 505-6547 in the U.S., (855) 669-9657 for Canada, or (412) 902-6660 for international callers and ask to join the Capstead Mortgage Corporation call. T...
Capstead Mortgage Corporation Declares Second Quarter 2021 Common Divi...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or “The Company”) announced today that its Board of Directors has declared a second quarter 2021 common dividend of $0.15 per common share. The dividend is payable on July 20, 2021 to common stockholders of record as of June 30, 2021. Capstead’s Board of Directors also declared a second quarter 2021 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: ). This dividend is payable on July 15, 2021 to Series E preferred stockholders of record as of June 30, 2021. Concurrentl...
Capstead Mortgage Corporation Announces First Quarter 2021 Results
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: ) today announced financial results for the quarter ended March 31, 2021. First Quarter 2021 Summary Recognized GAAP net income of $18.9 million or $0.15 per diluted common share Generated core earnings of $17.4 million or $0.13 per diluted common share, representing an annualized 7.7% return on common equity capital Paid a $0.15 dividend per common share for the sixth consecutive quarter Book value per common share decreased $0.10 to $6.66 per common share Agency-guaranteed residential adj...
Capstead Mortgage Corporation Schedules First Quarter 2021 Earnings Re...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that it will release its first quarter 2021 results following the close of trading on the New York Stock Exchange on Wednesday, April 28, 2021. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, April 29, 2021, at 10:00 a.m. ET. To access the conference call, dial toll free (877) 505-6547 in the U.S., (855) 669-9657 for Canada, or (412) 902-6660 for international callers and ask to join the Capstead Mortgage Corporation call. ...
Capstead Mortgage Corporation Declares First Quarter 2021 Common Divid...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or “The Company”) announced today that its Board of Directors has declared a first quarter 2021 common dividend of $0.15 per common share. The dividend is payable on April 20, 2021 to common stockholders of record as of March 31, 2021. Capstead’s Board of Directors also declared a first quarter 2021 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: ). This dividend is payable on April 15, 2021 to Series E preferred stockholders of record as of March 31, 2021. Concurren...
Capstead Mortgage Corporation Announces Fourth Quarter 2020 Results
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: ) today announced financial results for the quarter ended December 31, 2020. Fourth Quarter 2020 Summary Recognized GAAP net income of $23.3 million or $0.19 per diluted common share Generated core earnings of $19.7 million or $0.15 per diluted common share, representing an annualized 8.8% return on common equity capital Paid a $0.15 dividend per common share for the fifth consecutive quarter Book value per common share decreased $0.04 to $6.76 per common share Agency-guaranteed residential...
Capstead Mortgage Corporation Schedules Fourth Quarter 2020 Earnings R...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that it will release its fourth quarter 2020 results following the close of trading on the New York Stock Exchange on Wednesday, January 27, 2021. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, January 28, 2021, at 9:00 a.m. ET. To access the conference call, dial toll free (877) 505-6547 in the U.S., (855) 669-9657 for Canada, or (412) 902-6660 for international callers and ask to join the Capstead Mortgage Corporation ca...
Capstead Mortgage Corporation Declares a $0.15 Per Share Fourth Quarte...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) announced today that its Board of Directors has declared a fourth quarter 2020 common dividend of $0.15 per common share. The dividend is payable on January 20, 2021 to common stockholders of record as of December 31, 2020. Capstead’s Board of Directors also declared a fourth quarter 2020 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: ). This dividend is payable on January 15, 2021 to Series E preferred stockholders of record as of December 31, 2020. About Capstead Formed in 1...
Capstead Mortgage Corporation to Present Virtually and Host 1x1 Invest...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that Management will participate in the virtual Southwest IDEAS Investor Conference on November 18, 2020. Capstead’s presentation is scheduled to be available at 7:00 am CST on Wednesday, November 18, 2020 and will be accessible to registered attendees through the conference site at . If interested in participating or learning more about the IDEAS conferences, please visit the IDEAS website. Additionally, a webcast of the presentation will be available at 7:00 am CST on Monday, Nove...
Capstead Mortgage Corporation Announces Third Quarter 2020 Results
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: CMO) today announced financial results for the quarter ended September 30, 2020. Third Quarter 2020 Summary Recognized GAAP net income of $29.1 million or $0.25 per diluted common share Generated core earnings of $19.9 million or $0.16 per diluted common share, representing an annualized 8.9% return on common equity capital Paid a $0.15 dividend per common share for the fourth consecutive quarter Book value per common share increased $0.01 to $6.80 per common share Agency-guaranteed residen...
Capstead Mortgage Corporation Updates Third Quarter 2020 Conference Ca...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that it has updated its third quarter 2020 conference call time. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, October 29, 2020, at 9:00 a.m. ET. To access the conference call, dial toll free (877) 505-6547 in the U.S., (855) 669-9657 for Canada, or (412) 902-6660 for international callers and ask to join the Capstead Mortgage Corporation call. The audio replay will be available one hour after the end of the conference ca...
Capstead Mortgage Corporation Declares a $0.15 Per Share Third Quarter...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) announced today that its Board of Directors has declared a third quarter 2020 common dividend of $0.15 per common share. The dividend is payable on October 20, 2020 to common stockholders of record as of September 30, 2020. Capstead’s Board of Directors also declared a third quarter 2020 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: ). This dividend is payable on October 15, 2020 to Series E preferred stockholders of record as of September 30, 2020. About Capstead Formed i...
Capstead Mortgage Corporation Announces the Appointment of Pat Augusti...
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (NYSE: ) (“Capstead” or the “Company”) announced today that they have appointed Pat Augustine to serve as an independent member of the Board of Directors of Capstead (“Board”). With the appointment of Mr. Augustine, the Board will consist of eight members, seven of whom will be independent. Mr. Augustine will join the Board effective immediately. Mr. Augustine spent most of his career in structured finance beginning in 1985 at Salomon Brothers during the developmental phase of the mortgage-backed securities market. From 1996 until 2007,...
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