Capstead director buys 50K shares

The purchase from Chris Mahowald comes in the wake of last week's disappointing earnings report which showed an unexpected spike in prepayments and a 3.5% decline in book value to $12.35. Management is optimistic about a better result in Q4 and notes October has already seen a big decline in prepayments.

Mahowald now owns 154K shares of Capstead (CMO -0.8%).

SEC Form 4.

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