DALLAS--(BUSINESS WIRE)--Capstead Mortgage Corporation (NYSE: CMO) (“Capstead” or the “Company”) announced today that it will release its fourth quarter 2015 results following the close of trading on the New York Stock Exchange on Wednesday, January 27, 2016. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, January 28 at 9:00 a.m. ET.
To access the conference call, dial toll free (877) 505-6547 in the U.S., (855) 669-9657 for Canada, or (412) 902-6660 for international callers. The audio replay will be available one hour after the end of the conference call through April 28, 2016. The replay can be accessed by dialing toll free (877) 344-7529 in the U.S., (855) 669-9658 for Canada, or (412) 317-0088 for international callers and entering conference number 10079222.
A live audio webcast of the conference call can be accessed through a link in the investor relations section of the Company’s website at www.capstead.com. Please allow extra time prior to the call to download and install audio software, if needed. An audio archive of the webcast will be available for approximately 60 days on the Company’s website.
About Capstead
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead invests in a leveraged portfolio of short-duration residential adjustable-rate mortgage (“ARM”) securities issued and guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae, referred to as agency-guaranteed mortgage securities. Duration is a common measure of market price sensitivity to interest rate movements. A shorter duration generally indicates less interest rate risk.
Capstead’s investment strategy is designed to produce attractive risk-adjusted returns over the long term, while reducing, but not eliminating, sensitivity to changes in interest rates. This strategy differentiates the Company from its peers because the ARM loans underlying its investment portfolio reset to more current interest rates within a relatively short period of time allowing for the potential recovery of financing spreads that typically contract during periods of rising interest rates and smaller fluctuations in portfolio values, and therefore book value, caused by changes in interest rates compared to portfolios that contain a significant amount of longer-duration ARM and fixed-rate mortgage securities. Utilizing this strategy, Capstead is widely recognized as a defensively-positioned residential mortgage REIT from an interest rate and credit risk perspective.
