Capstead Mortgage Corporation Announces Second Quarter Results

Capstead Mortgage Corporation CMO today reported net income of $29,759,000 or $0.35 per diluted common share for the quarter ended June 30, 2010. This compares to net income of $42,507,000, or $0.58 per diluted common share for the quarter ended June 30, 2009. The Company paid a second quarter dividend of $0.36 per common share on July 20, 2010. Capstead is a self-managed real estate investment trust for federal income tax purposes that invests in a leveraged portfolio of residential adjustable-rate mortgage, or ARM, securities issued and guaranteed by federal government-sponsored enterprises.