Capstead Mortgage Corporation Declares a $0.31 Per Share Second Quarter 2013 Common Dividend and a $0.32292 Per Share Initial

  Capstead Mortgage Corporation Declares a $0.31 Per Share Second Quarter 2013
  Common Dividend and a $0.32292 Per Share Initial Preferred Stock Series E

Business Wire

DALLAS -- June 13, 2013

Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a
second quarter 2013 common dividend of $0.31 per common share on July19, 2013
to stockholders of record as of June28, 2013.

The Board of Directors also declared an initial dividend of $0.32292 per share
on the 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE: CMOPRE) for
the period from issuance on May 13, 2013 through July 14, 2013. The dividend
is payable on July 15, 2013, to stockholders of record as of June 28, 2013.

                                About Capstead

Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a
self-managed real estate investment trust for federal income tax purposes.
Capstead earns income from investing in a leveraged portfolio of residential
adjustable-rate mortgage pass-through securities issued and guaranteed by
government-sponsored enterprises, either Fannie Mae or Freddie Mac (together,
the “GSEs”), or by an agency of the federal government, Ginnie Mae.

          Cautionary Statement Concerning Forward-looking Statements

This document contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include, without limitation, any statement that may predict, forecast,
indicate or imply future results, performance or achievements, and may contain
the words “believe,” “anticipate,” “expect,” “estimate,” “intend,” “will be,”
“will likely continue,” “will likely result,” or words or phrases of similar
meaning. Forward-looking statements are based largely on the expectations of
management and are subject to a number of risks and uncertainties including,
but not limited to, the following:

  *changes in general economic conditions;
  *fluctuations in interest rates and levels of mortgage prepayments;
  *the effectiveness of risk management strategies;
  *the impact of differing levels of leverage employed;
  *liquidity of secondary markets and credit markets;
  *the availability of financing at reasonable levels and terms to support
    investing on a leveraged basis;
  *the availability of new investment capital;
  *the availability of suitable qualifying investments from both an
    investment return and regulatory perspective;
  *changes in legislation or regulation affecting exemptions for mortgage
    REITs from regulation under the Investment Company Act of 1940;
  *changes in legislation or regulation affecting Fannie Mae, Freddie Mac,
    Ginnie Mae and similar federal government agencies and related guarantees;
  *deterioration in credit quality and ratings of existing or future
    issuances of agency-guaranteed mortgage securities; and
  *increases in costs and other general competitive factors.

In addition to the above considerations, our actual results and liquidity are
affected by other risks and uncertainties which could cause actual results to
be significantly different from those expressed or implied by any
forward-looking statements included herein. It is not possible to identify all
of the risks, uncertainties and other factors that may affect future results.
In light of these risks and uncertainties, the forward-looking events and
circumstances discussed herein may not occur and actual results could differ
materially from those anticipated or implied in the forward-looking
statements. Forward-looking statements speak only as of the date the statement
is made and we undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Accordingly, readers of this document are cautioned not to place
undue reliance on any forward-looking statements included herein.


Capstead Mortgage Corporation
Investor Relations:
Lindsey Crabbe, 214-874-2339
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