-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MUnsUwHCchd52gbzxg6yXxjTKyuoKlZC6XK7fi8ZBQgTAsps8sUa42fGE3gduGXt V0XOnj4RFdyXsnB7Ny5XIQ== 0000950136-99-001624.txt : 19991231 0000950136-99-001624.hdr.sgml : 19991231 ACCESSION NUMBER: 0000950136-99-001624 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991230 GROUP MEMBERS: BRACEBRIDGE CAPITAL LLC GROUP MEMBERS: BRACEBRIDGE CAPITAL, L.P. GROUP MEMBERS: FIXED INCOME ASSOCIATES INC GROUP MEMBERS: FIXED INCOME ASSOCIATES, INC. GROUP MEMBERS: NANCY G. ZIMMERMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAPSTEAD MORTGAGE CORP CENTRAL INDEX KEY: 0000766701 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 752027937 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-37849 FILM NUMBER: 99784302 BUSINESS ADDRESS: STREET 1: 8401 NORTH CENTRAL EXPRESSWAY STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75225-4410 BUSINESS PHONE: 214-874-2323 MAIL ADDRESS: STREET 1: 8401 NORTH CENTRAL EXPRESSWAY STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75225-4410 FORMER COMPANY: FORMER CONFORMED NAME: LOMAS MORTGAGE CORP DATE OF NAME CHANGE: 19891105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIXED INCOME ASSOCIATES INC CENTRAL INDEX KEY: 0001101193 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 043222917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1000 MASSACHUSETTS AVENUE CITY: CAMBRIDGE STATE: MA ZIP: 02138 BUSINESS PHONE: 6173492000 MAIL ADDRESS: STREET 1: 1000 MASSACHUSETTS AVENUE CITY: CAMBRIDGE STATE: MA ZIP: 02138 SC 13D/A 1 AMENDMENT TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* Capstead Mortgage Corporation -------------------------------------- (Name of Issuer) Common Stock -------------------------------------- (Title of Class of Securities) 14067 E 10 0 -------------------- (CUSIP Number) Bracebridge Capital With a copy to: Ms. Nancy G. Zimmerman Scott M. Zimmerman, Esq. Fixed Income Associates, Inc. Swidler Berlin Shereff Friedman, LLP 1000 Massachusetts Avenue 405 Lexington Avenue Cambridge, Massachusetts 02138 New York, New York 10174 (617) 349-2000 (212) 973-0111 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 27, 1999 -------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), (f) or (g), check the following: [ ]. Note: One copy and an EDGAR version of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - ------------------------------------------------------------------------------------------------------------ CUSIP No. 14067 E 10 0 Page 2 of 11 Pages ------------ ----- ---- - ------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fixed Income Associates, Inc. - ------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ----------------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 4,052,049 REPORTING ----------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH ----------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,052,049 - ------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,052,049 - ------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.1% - ------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------------------------------------------------------------------------------------------------ CUSIP No. 14067 E 10 0 Page 3 of 11 Pages ------------ ----- ---- - ------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bracebridge Capital, L.P. - ------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ----------------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 4,052,049 REPORTING ----------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH ----------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,052,049 - ------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,052,049 - ------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.1% - ------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------------------------------------------------------------------------------------------------ CUSIP No. 14067 E 10 0 Page 4 of 11 Pages ------------ ----- ---- - ------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bracebridge Capital LLC - ------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - ------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ----------------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,722,850 REPORTING ----------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH ----------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,722,850 - ------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,722,850 - ------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.0% - ------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* 00 - ------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------------------------------------------------------------------------------------------------ CUSIP No. 14067 E 10 0 Page 5 of 11 Pages ------------ ----- ---- - ------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Nancy G. Zimmerman - ------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ----------------------------------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 4,052,049 REPORTING ----------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH ----------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,052,049 - ------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,052,049 - ------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.1% - ------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D This Amendment No. 1 to the Statement on Schedule 13D (as defined below) amends and supplements the Statement on Schedule 13D relating to the event date of December 10, 1999 (the "Schedule 13D"), filed by Fixed Income Associates, Inc., a Delaware corporation ("FIA"), Bracebridge Capital, L.P. ("BCLP"), a Delaware limited partnership of which FIA is the general partner, Bracebridge Capital LLC ("BCLLC"), a Massachusetts limited liability company of which FIA is the managing member, and Nancy G. Zimmerman, the sole shareholder of FIA ("Zimmerman" and together with FIA, BCLP and BCLLC, the "Reporting Persons") relating to the common stock (the "Common Stock") of Capstead Mortgage Corporation (the "Issuer"). Capitalized terms used and not defined herein shall have the meanings assigned thereto in the Schedule 13D. The business address of each FIA, BCLP, BCLLC and Zimmerman is 1000 Massachusetts Avenue, Cambridge, MA 02138. The address of the Issuer is 8401 North Central Expressway, Suite 800, Dallas, Texas 75225. ITEM 3. SOURCE AND AMOUNT OF FUNDS Item 3 is hereby amended to add the following: Since December 17, 1999, FIFI II L.P. ("FIFI"), a Delaware limited partnership of which BCLP is the general partner, purchased an aggregate of 268,300 shares of Common Stock at an aggregate cost of $1,153,067 using its own funds. In addition, FIFI purchased an aggregate of 22,900 shares of Cumulative Convertible Preferred Stock, Series B of the Company (the "Series B Shares") at an aggregate cost of $218,924 using its own funds. The Series B Shares are convertible into 17,260 shares of Common Stock. FFI Fund Ltd. ("FFI"), a Cayman Islands company whose sole directors are BCLP and BCLLC, purchased an aggregate of 366,600 shares of Common Stock at an aggregate cost of $1,573,816 using its own funds. See Item 5. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended and restated in its entirety as follows: (a) and (b) BCLP, as the general partner of FIFI, has the power to vote and to direct the voting of and the power to dispose and direct the disposition of the 2,329,199 shares of Common Stock deemed to be owned by FIFI. Accordingly, BCLP may be deemed to be the beneficial owner of 2,329,199 shares of Common Stock, or 4.1% of the outstanding shares of Common Stock. BCLP and BCLLC, as the sole directors of FFI, have the power to vote and direct the voting of and power to dispose and direct the disposition of the 1,722,850 shares of Common Stock deemed to be owned by FFI. Accordingly, BCLP and BCLLC may together be deemed to 6 be the beneficial owner of 1,722,850 shares of Common Stock, or 3.0% of the outstanding shares of Common Stock. As the General Partner of BCLP, FIA has the power to vote and to direct the voting of and the power to dispose and direct the disposition of the 2,329,199 shares of Common Stock deemed to be owned by FIFI. As the General Partner of BCLP and the managing member of BCLLC, FIA has the power to vote and to direct the disposition of the 1,722,850 shares of Common Stock deemed to be beneficially owned by FFI. As the sole shareholder of FIA, Zimmerman may be deemed to have the power to vote and to direct the voting of and power to dispose and direct the disposition of the 2,329,199 shares of Common Stock deemed to be beneficially owned by FIFI and the 1,722,850 shares of Common Stock owned by FFI. Accordingly, Zimmerman may be deemed to be the beneficial owner of 4,052,049 shares of Common Stock, or 7.1% of the outstanding shares of Common Stock. The number of shares beneficially owned by each of the Reporting Persons and the percentage of outstanding shares represented thereby, have been computed in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The percentage ownership of the Reporting Persons is based on 57,292,154 outstanding shares of Common Stock, such amount representing the sum of (i) 56,854,405 outstanding shares of Common Stock as of December 7, 1999, as reported in the Company's Schedule 13E-4 Issuer Tender Offer Statement filed with the Commission on December 10, 1999 and (ii) 437,749 shares of Common Stock issuable upon conversion of the Series B Shares deemed to be beneficially owned by such Reporting Persons. (c) The transactions in the Common Stock by the Reporting Persons during the past 60 days are set forth on Annex A hereto. (d) Not Applicable. (e) Not Applicable. 7 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 29, 1999 FIXED INCOME ASSOCIATES, INC. By: /s/ Nancy G. Zimmerman ------------------------------ Name: Nancy G. Zimmerman Title: President 8 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 29, 1999 BRACEBRIDGE CAPITAL, L.P. By: FIXED INCOME ASSOCIATES, INC., its General Partner By: /s/ Nancy G. Zimmerman ---------------------------------- Name: Nancy G. Zimmerman Title: President 9 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 29, 1999 BRACEBRIDGE CAPITAL LLC By: FIXED INCOME ASSOCIATES, INC., its Managing Member By: /s/ Nancy G. Zimmerman -------------------------------- Name: Nancy G. Zimmerman Title: President 10 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 29, 1999 /s/ Nancy G. Zimmerman ------------------------------------ NANCY G. ZIMMERMAN 11 ANNEX A Transactions in Shares of Common Stock and Series B Preferred Stock within the Last 60 Days1 Aggregate Aggregate Price Per Common Preferred Date Share Share Amount Share Amount FIFI II L.P. FFI Fund Ltd. - ---- ----- ------------ ------------ ------------ ------------- 11/15/99 3.94 31,300 15,000 16,300 11/16/99 3.94 28,600 14,000 14,600 11/17/99 3.86 30,100 15,000 15,100 11/18/99 3.81 10,000 10,000 12/6/99 9.69 800 602 12/6/99 3.75 12,200 12,200 12/7/99 9.61 30,200 22,761 12/7/99 3.75 25,000 25,000 12/8/99 9.25 10,000 7,537 12/8/99 3.75 25,000 25,000 12/9/99 3.75 25,000 25,000 12/10/99 9.25 2,200 1,658 12/10/99 3.98 75,000 50,000 25,000 12/13/99 4.26 161,500 80,750 80,750 12/14/99 4.25 62,400 32,400 30,000 12/15/99 4.29 253,900 100,000 153,900 12/16/99 4.25 27,800 13,800 14,000 12/17/99 4.31 323,200 123,200 200,000 12/20/99 4.31 30,000 15,000 15,000 12/20/99 9.56 7,900 5,954 12/21/99 4.31 35,000 15,000 20,000 12/22/99 4.31 120,700 60,000 60,700 12/23/99 4.25 42,600 21,000 21,600 12/27/99 4.25 68,200 34,100 34,100 12/29/99 4.12 15,200 15,200 12/29/99 9.56 15,000 11,306 - ---------- 1 All transactions in shares of Common Stock, as well as Series B Preferred Stock, that were effected during the past sixty days have been open market purchases. -----END PRIVACY-ENHANCED MESSAGE-----