Highland Capital Increases 'Passive' Stake in Capstead Mortgage to 5.3%

| About: Capstead Mortgage (CMO)

In a 13G filling on Capstead Mortgage (NYSE: CMO), Highland Capital Management  disclosed a 5.3% stake (2,828,409 shares). The firm held 2100954 shares at the quarter ended 3/31/08. A 13G indicates a passive investment.

Capstead Mortgage Corporation operates as a real estate investment trust. The company, together with its subsidiaries, invests in real estate-related assets on a leveraged basis that primarily consisting of residential adjustable-rate mortgage securities issued and guaranteed by government-sponsored entities.

Founded in 1993, Highland Capital Management, L.P. is a leading investment management firm specializing in alternative investments with approximately $40 billion under management. A privately held registered investment advisor, the firm is a recognized leader and innovator in the credit and structured products markets. Highland is headquartered in Dallas, Texas, and has offices in New York and London.