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CAPSTEAD MORTGAGE ANNOUNCES PRICING OF 2 MILLION SHARES OF COMMON STOCK AT $32 PER SHARE

 CAPSTEAD MORTGAGE ANNOUNCES PRICING OF 2 MILLION
 SHARES OF COMMON STOCK AT $32 PER SHARE
 DALLAS, Feb. 6 /PRNewswire/ -- Capstead Mortgage Corporation (NYSE: CMO) stated that its previously announced offering of 2 million shares of common stock was priced at $32 per share on Feb. 4, 1992.
 The company has granted to the underwriters an option to sell an additional 300,000 shares to cover over-allotments. The offering is being underwritten by a group of underwriters led by PaineWebber Incorporated, Bear, Stearns & Co. Inc., Kidder, Peabody & Co. Incorporated and Raymond James & Associates, Inc. The shares are scheduled for delivery on or about Feb. 11, 1992.
 Capstead intends to use the proceeds from the offering to acquire mortgage loans and, in combination with the company's existing financing arrangements, to increase its mortgage loan acquisition and securitization capabilities.
 Capstead Mortgage Corporation invests in long-term, single-family residential mortgages for the purpose of offering investors the opportunity to participate in the income generated from the management of a portfolio of mortgage loans utilizing pooling into pass-through certificates and the issuance of CMOs and other portfolio strategies.
 A prospectus may be obtained from one of the underwriters listed above at their main offices.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
 -0- 2/6/92
 /CONTACT: Ronn K. Lytle, 214-746-8231, or Andrew F. Jacobs, 214-746-8240, both of Capstead Mortgage/
 (CMO) CO: Capstead Mortgage Corporation ST: Texas IN: FIN SU: OFR


CK -- NY081 -- 7801 02/06/92 14:16 EST
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Publication:PR Newswire
Date:Feb 6, 1992
Words:288
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