Capstead Mortgage Corp. Declares a $0.15 Per Share Fourth Quarter 2020 Common Dividend & a $0.46875 Per Share Fourth Quarter ...
10 December 2020 - 10:30PM
Business Wire
Capstead Mortgage Corporation (NYSE: CMO) 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: CMOPRE). This dividend
is payable on January 15, 2021 to Series E preferred stockholders
of record as of December 31, 2020.
About Capstead
Formed in 1985 and based in Dallas, Texas, Capstead is a
self-managed real estate investment trust, or REIT, for federal
income tax purposes. The Company earns income from investing in a
leveraged portfolio of residential adjustable-rate mortgage
pass-through securities, referred to as ARM securities, issued and
guaranteed by government-sponsored enterprises, either Fannie Mae
or Freddie Mac, or by an agency of the federal government, Ginnie
Mae.
Cautionary Statement Concerning
Forward-looking Statements
This document contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain the words
“believe,” “anticipate,” “expect,” “estimate,” “intend,” “will be,”
“will likely continue,” “will likely result,” or words or phrases
of similar meaning. Actual results could differ materially from
those projected in these forward-looking statements due to a
variety of factors, without limitation, fluctuations in interest
rates, the availability of suitable qualifying investments, changes
in mortgage prepayments, the availability and terms of financing,
changes in market conditions as a result of federal corporate and
individual tax law changes, changes in legislation or regulation
affecting the mortgage and banking industries or Fannie Mae,
Freddie Mac or Ginnie Mae securities, the availability of new
investment capital, the liquidity of secondary markets and funding
markets, our ability to maintain our qualification as a REIT for
U.S. federal tax purposes, our ability to maintain our exemption
from registration under the Investment Company Act of 1940, as
amended, and other changes in general economic conditions. These
and other applicable uncertainties, factors and risks are described
more fully in the Company’s filings with the U.S. Securities and
Exchange Commission. Forward-looking statements speak only as of
the date the statement is made and the Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Accordingly, readers of this document are cautioned not to place
undue reliance on any forward-looking statements included
herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20201210005044/en/
Lindsey Crabbe, Investor Relations (214) 874-2339
Capstead Mortgage (NYSE:CMO)
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