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CAPSTEAD MORTGAGE FILES REGISTRATION STATEMENT FOR COMMON STOCK OFFERING

              CAPSTEAD MORTGAGE FILES REGISTRATION STATEMENT
                        FOR COMMON STOCK OFFERING
    DALLAS, Dec. 26 /PRNewswire/ -- Capstead Mortgage Corporation (NYSE: CMO) announced today that it had filed a registration statement with the Securities and Exchange Commission for the offering of two million shares of common stock.  The offering will be underwritten by a group of underwriters led by PaineWebber Incorporated; Bear, Stearns & Co.; Kidder, Peabody & Co. Incorporated and Raymond James & Associates,
Inc.   The offering is expected in late January or February.
    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 registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 any such state.
    When available, a prospectus may be obtained from one of the underwriters listed above at their main offices.
               -0-      12/26/91
    /CONTACT:  Ronn Lytle, 214-746-8231; or Andy Jacobs, 214-746-8240, both of Capstead Mortgage/
    (CMO) CO:  Capstead Mortgage Corporation ST:  Texas IN:  FIN SU:  RTG SB -- NY017 -- 5334 12/26/91 15:22 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 26, 1991
Words:275
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