NYSE, CMO - Capstead Mortgage Corp
Capstead Mortgage Corporation (together with its subsidiaries, ?Capstead? or the
?Company?) formed in 1985 and based in Dallas, Texas, is a self-managed real
estate investment trust (?REIT?) for federal income tax purposes. Capstead?s
core strategy is managing a leveraged portfolio of residential mortgage
securities consisting almost exclusively of ARM securities issued and guaranteed
by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an
agency of the federal government, Ginnie Mae. Agency-guaranteed residential
mortgage securities carry an implied AAA credit rating with limited, if any,
credit risk. Capstead may also augment its core portfolio with investments in
credit-sensitive commercial real estate-related assets.
For further discussion of the Company?s business and financial condition, see
the Registrant?s Annual Report to Stockholders for the year ended December 31,
2007 on pages 31 through 54, which is incorporated herein by reference. ...
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