Capstead Mortgage Corporation Declares Third Quarter 2007 Common Dividend.DALLAS -- Capstead Mortgage Corporation (NYSE NYSE See: New York Stock Exchange :CMO CMO See: Collateralized mortgage obligation CMO See collateralized mortgage obligation (CMO). ) announced today that it will pay a third quarter 2007 dividend of four cents per common share payable on October 19, 2007 to stockholders of record as of September 28, 2007. About Capstead Capstead Mortgage Corporation operates as a self-managed real estate investment trust for federal income tax purposes (a "REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ") and is based in Dallas, Texas. Capstead earns income from investing in real estate-related assets on a leveraged basis. These investments currently consist primarily of residential ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae Fannie Mae: see Federal National Mortgage Association. or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Capstead also seeks to opportunistically invest a portion of its equity in credit-sensitive commercial real estate-related assets, including subordinate commercial real estate loans. |
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