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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Sunday, January 28, 12:58 PM

Slide #312. Capstead Mortgage Corporation Preferred Stock Offering

Company: Capstead Mortgage Corporation (NYSE:CMO)
Date announced: 5/8/2013
Security type: 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:CMO.PRE)
Shares Offered: 6,000,000
Date of Pricing: 5/8/2013
Price Per Share: $25
Preferred Stock Offering Details: Capstead Mortgage Corporation (NYSE:CMO) ("Capstead" or the "Company") today announced its plans to make a public offering of shares of its Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company intends to list the Series E Preferred Stock on the NYSE under the symbol "CMOPRE." The Company intends to grant the underwriters a 30-day option to purchase additional shares of Series E Preferred Stock to cover over-allotments, if any. --updated 5/8 - Capstead Mortgage Corporation (NYSE:CMO) ("Capstead" or the "Company") announced that it priced an underwritten public offering of 6 million shares of its 7.50% Series E Cumulative Redeemable Preferred Stock (the "7.50% Series E Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $150 million, before deducting the underwriting discount and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of 7.50% Series E Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on or about May 13, 2013.

Capstead Mortgage operates as a self-managed real estate investment trust. Co. manages a portfolio of residential mortgage pass-through securities consisting almost exclusively of relatively short duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, either The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, The Government National Mortgage Association (Ginnie Mae). Residential mortgage pass-through securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae are referred to as Agency Securities.

Preferreds: CMO.PRB, CMO.PRE


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Name: Capstead Mortgage Corp.
Website: capstead.com
Sector: REITs
Number of ETFs Holding CMO: 44 (see which ones)
Total Market Value Held by ETFs: $142,013,933
Total Market Capitalization: $841,000,000
% of Market Cap. Held by ETFs: 16.89%

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