Market Overview

Capstead Mortgage Announces $100M Share Buyback

Capstead Mortgage Corporation (NYSE: CMO) (“Capstead” or the “Company”)
today announced that its Board of Directors has authorized the
repurchase of up to $100 million of its outstanding common shares. In
connection with implementing this repurchase program, the Company has
suspended its at-the-market, continuous offering program used to issue
common shares.

Purchases made pursuant to the program will be made in the open market
from time to time as permitted by securities laws and other legal
requirements. The timing, manner, price and amount of any repurchases
will be determined by the Company in its discretion and will be subject
to economic and market conditions, stock price, applicable legal
requirements and other factors. The authorization does not obligate

See full press release

Posted-In: News Guidance

 

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