Capstead Mortgage
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by Government-sponsored enterprises (GSEs), either Fannie Mae or Freddie Mac (together, the GSEs), or by an agency of the federal Government, Ginnie Mae. As of December 31, 2014, the Companys long-term investment capital totaled $1.49 billion and consisted of $1.21 billion of common and $184 million of perpetual preferred stockholders equity (recorded amounts) and $100 million of unsecured borrowings. The Company offers residential mortgage securities classified as held-to-maturity.