Capstead Mortgage Corporation Announces Pricing of Public Offering of Common Stock

DALLAS--(BUSINESS WIRE)--Capstead Mortgage Corporation (“Capstead” or the “Company”) (NYSE: CMO) announced today the pricing of an underwritten public offering of 9,000,000 shares of common stock at a public offering price of $8.60 per share for total gross proceeds of approximately $77.4 million before deducting estimated offering expenses. Capstead has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock. Capstead expects to close the transaction on or about Thursday, August 1, 2019, subject to the satisfaction of customary closing conditions.