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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, January 21, 11:22 AM
Slide #476. 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 (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.'s investment strategy involves managing and earning a financing spread on a portfolio of residential mortgage pass-through securities consisting primarily of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, or by an agency of the federal government, Government National Mortgage Association. Preferreds: CMO.PRB, CMO.PRE
 Open the CMO Page at Preferred Stock Channel »
Open the CMO.PRE Page at Preferred Stock Channel for More Information About this Preferred »
| Name: |
Capstead Mortgage Corp. |
| Website: |
www.capstead.com |
| Sector: |
REITs |
| Number of ETFs Holding CMO: |
2 (see which ones) |
| Total Market Value Held by ETFs: |
$12,811,104 |
| Total Market Capitalization: |
$664,000,000 |
| % of Market Cap. Held by ETFs: |
1.93% |
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