Capstead Mortgage plans to redeem preferreds with new issue proceeds

By Susanna Moon

Chicago, May 8 - Capstead Mortgage Corp. said it plans to redeem some or all of its outstanding series A preferred stock and series B preferred stock with proceeds from a public offering of preferreds.

Proceeds from the company's series E cumulative redeemable preferreds also may be used for general corporate purposes, according to a press release by the Dallas real estate investment trust.

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