Capstead Mortgage Corporation Declares a $0.12 Per Share Second Quarter 2019 Common Dividend and a $0.46875 Per Share Second Quarter 2019 Series E Preferred Dividend

DALLAS–(BUSINESS WIRE)–Capstead Mortgage Corporation (NYSE: CMO)
announced today that it will pay a second quarter 2019 common dividend
of $0.12 per common share on July 19, 2019 to stockholders of record as
of June 28, 2019.

Capstead’s Board of Directors also declared a second quarter 2019
dividend of $0.46875 per share on the Company’s 7.50% Series E
Cumulative Redeemable Preferred Stock (NYSE: CMOPRE).
This dividend is payable on July 15, 2019, to Series E preferred
stockholders of record as of June 28, 2019.

About Capstead

Formed in 1985 and based in Dallas, Texas, Capstead is a self-managed
real estate investment trust, or REIT, for federal income tax purposes.
The Company earns income from investing in a leveraged portfolio of
residential adjustable-rate mortgage pass-through securities, referred
to as ARM securities, issued and guaranteed by government-sponsored
enterprises, either Fannie Mae or Freddie Mac, 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. Actual results could differ
materially from those projected in these forward-looking statements due
to a variety of factors, without limitation, fluctuations in interest
rates, the availability of suitable qualifying investments, changes in
mortgage prepayments, the availability and terms of financing, changes
in market conditions as a result of federal corporate and individual tax
reform, changes in legislation or regulation affecting the mortgage and
banking industries or Fannie Mae, Freddie Mac or Ginnie Mae securities,
the availability of new investment capital, the liquidity of secondary
markets and credit markets, and other changes in general economic
conditions. These and other applicable uncertainties, factors and risks
are described more fully in the Company’s filings with the U.S.
Securities and Exchange Commission. Forward-looking statements speak
only as of the date the statement is made and the Company undertakes 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.

Contacts

Lindsey Crabbe, Investor Relations
(214) 874-2339