SummaryEdit
Capstead Mortgage Corporation invests in a portfolio of residential mortgage pass-through securities. Its securities consist of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 1985 and is headquartered in Dallas, Texas. As of October 19, 2021, operates as a subsidiary of Franklin BSP Realty Trust, Inc.