Corrects that company is based in Dallas
SAN FRANCISCO (Thomson Financial) - Capstead Mortgage Corp. said late Monday
its public offering of 8 million shares of common stock has priced at $15.50
each.
Dallas-based Capstead has granted the underwriters a 30-day option to
purchase up to an additional 1.2 million shares to cover any over-allotments.
The company expects to close the transaction on or about Feb. 1.
Capstead said it plans to use the net proceeds from the offering to finance
purchases of additional adjustable-rate mortgage, Fannie Mae, Freddie Mac or
Ginnie Mae-guaranteed residential mortgage-backed securities, and for general
corporate purposes.
The company's shares closed at $15.81.
Gabriel Madway
gm/gm
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