CAPITAL TRANSACTIONS

6 Months Ended

Jun. 30, 2015

CAPITAL TRANSACTIONS [Abstract]

CAPITAL TRANSACTIONS

NOTE 8 ¾ CAPITAL TRANSACTIONS

During the quarter and six months ended June 30, 2015, Capstead issued an additional 36,000 and 468,000 shares of its 7.50% Series E Cumulative Redeemable Preferred Stock through an at-the-market continuous offering program at average prices of $24.46 and $24.65, net of underwriting fees and other costs, for net proceeds of $879,000 and $11.5 million, respectively.  Amounts raised subsequent to quarter-end under this program have been minimal.