Capstead Mortgage Corporation (NYSE: CMO)
announced today that it will pay a third quarter 2013 common dividend of
$0.31 per common share on October 18, 2013 to stockholders of record as
of September 30, 2013.
Capstead’s Board of Directors also declared a third quarter 2013
dividend of $0.46875 per share on the Company’s 7.50% Series E
Cumulative Redeemable Preferred Stock (NYSE: CMOPRE). This dividend is
payable on October 15, 2013, to Series E preferred stockholders of
record as of September 30, 2013.
About Capstead
Formed in 1985 and based in Dallas, Texas, Capstead is a self-managed
real estate investment trust for federal income tax purposes. The
Company earns income from investing in a leveraged portfolio of
residential adjustable-rate mortgage pass-through securities issued and
guaranteed by government-sponsored enterprises, either Fannie Mae or
Freddie Mac (together, the “GSEs”), 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. Forward-looking statements are
based largely on the expectations of management and are subject to a
number of risks and uncertainties including, but not limited to, the
following:
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changes in general economic conditions;
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fluctuations in interest rates and levels of mortgage prepayments;
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the effectiveness of risk management strategies;
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the impact of differing levels of leverage employed;
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liquidity of secondary markets and credit markets;
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the availability of financing at reasonable levels and terms to
support investing on a leveraged basis;
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the availability of new investment capital;
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the availability of suitable qualifying investments from both an
investment return and regulatory perspective;
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changes in legislation or regulation affecting exemptions for mortgage
REITs from regulation under the Investment Company Act of 1940;
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changes in legislation or regulation affecting Fannie Mae, Freddie
Mac, Ginnie Mae and similar federal government agencies and related
guarantees;
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deterioration in credit quality and ratings of existing or future
issuances of agency-guaranteed mortgage securities; and
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increases in costs and other general competitive factors.
In addition to the above considerations, our actual results and
liquidity are affected by other risks and uncertainties which could
cause actual results to be significantly different from those expressed
or implied by any forward-looking statements included herein. It is not
possible to identify all of the risks, uncertainties and other factors
that may affect future results. In light of these risks and
uncertainties, the forward-looking events and circumstances discussed
herein may not occur and actual results could differ materially from
those anticipated or implied in the forward-looking statements.
Forward-looking statements speak only as of the date the statement is
made and we undertake 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.
Copyright Business Wire 2013