Capstead Mortgage Corp., a Dallas-based real estate investment trust, has priced a public offering of 10 million shares of common stock at $9.75 per share.The company said the net proceeds of the offering will be used to finance the purchase of additional adjustable-rate mortgage agency securities and for general corporate purposes. Bear, Stearns & Co., Keefe, Bruyette & Woods Inc., and JMP Securities LLC are the joint book-running managers of the offering. The underwriters have been granted an option to buy up to an additional 1.5 million shares to cover any overallotments. The REIT can be found online at http://www.capstead.com.
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