Capstead Mortgage Corporation Schedules Third Quarter 2007 Earnings Release and Conference Call.

DALLAS -- Capstead Mortgage Corporation (NYSE: CMO) announced today that it will release its third quarter 2007 results following the close of trading on the New York Stock Exchange on Thursday, October 25, 2007. The Company will host a conference call and audio web cast to discuss the financial results on Friday, October 26, 2007 at 11:00 a.m. EDT.

To access the conference call, dial toll free [phone] in the U.S. and Canada or [phone] for international callers. The replay will be available through Friday, November 9, 2007 and can be accessed by dialing toll free [phone] in the U.S. and Canada or [phone] for international callers and entering account number 286 and conference ID 258148.

A live audio web cast of the conference call can be accessed in the investor relations section of the Company's website at www.capstead.com or at www.investorcalendar.com. Please allow extra time prior to the call to download and install any needed audio software. An audio archive of the web cast will be available for approximately 60 days in the investor relations section of the Company's website.

About Capstead

Capstead Mortgage Corporation operates as a self-managed real estate investment trust for federal income tax purposes and is based in Dallas, Texas. Capstead's core strategy is managing a leveraged portfolio of residential mortgage securities consisting primarily 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, which are referred to collectively as Agency Securities. Agency Securities carry an actual or implied AAA rating with limited, if any, credit risk. Capstead also seeks to prudently augment its core portfolio with investments in credit-sensitive commercial real estate-related assets.