CAPITAL TRANSACTIONS

6 Months Ended

Jun. 30, 2017

Equity Abstract

CAPITAL TRANSACTIONS

NOTE 8 — Capital transactions

During the quarter and six months ended June 30, 2017, Capstead issued an additional 385,000 and 398,000 shares of its 7.50% Series E Cumulative Redeemable Preferred Stock through an at-the-market continuous offering program at average prices of $24.69 and $24.68, net of underwriting fees and other costs, for net proceeds of $9.5 million and $9.8 million.  No additional preferred shares were issued subsequent to quarter-end through August 4, 2017.