Capstead Mortgage Corporation Announces First Quarter 2009 Earnings.

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Capstead Mortgage Corporation Announces First Quarter 2009 Earnings.

First Quarter 2009 Highlights

* Earnings increased to $42.1 million or $0.58 per diluted common share

* Book value increased to $10.34 per common share

* Portfolio of almost exclusively agency-guaranteed residential ARM securities increased to $7.64 billion

* Portfolio leverage reduced to 7.30 times long-term investment capital

* Financing spreads increased to 2.16%

DALLAS -- Capstead Mortgage Corporation (NYSE: CMO) today reported net income of $42,076,000 for the quarter ended March 31, 2009 compared to $24,302,000 for the fourth quarter of 2008. After considering preferred share dividends, the Company earned $0.58 per diluted common share for the first quarter of 2009 compared to $0.32 for the fourth quarter of 2008. The Company paid a first quarter dividend of $0.56 per co...

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