Exhibit 99.2

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’s core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage, or ARM, securities. sOver 99% of our investments are issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. sAgency-guaranteed residential mortgage securities carry an implied AAA credit rating with limited, if any, credit risk. sCoupon resets on mortgages underlying our ARM securities allow us to eventually recover financing spreads diminished during periods of rising short-term rates. sDuring periods of falling interest rates, reductions to interest rates on our borrowings allow us to capture larger financing spreads. sWe employ leverage prudently, allowing for sufficient reserves for price movements and principal payments. As of September 30, 2009, our leverage was 6.21x our long-term investment capital, which is significantly lower than our long-term average. We have the EXPERIENCE. s Oldest mortgage REIT (1985) sTop 4 executives with the company since 1994 (67 years of combined experience) We have STABILITY. sShort-duration portfolio conservatively leveraged and appropriately hedged (net duration gap of 4 months at September 30) sPositions with 16 lending counterparties at September 30 Our STRATEGY. sAvoid residential credit risk while minimizing, but not eliminating, interest rate risk

3RD QUARTER 2009 HIGHLIGHTS s Earned $42 million or $0.56 per diluted common share s Book value per common share increased $0.73 to $12.21 (end of quarter, or EOQ) s Portfolio of agency-guaranteed residential ARM securities increased $315 million to $7.92 billion (EOQ) s Raised $71 million in new common equity capital s Portfolio leverage reduced to 6.21 times long-term investment capital (EOQ) s Total financing spreads decreased 6 basis points to an average of 2.25% QUARTERLY RESULTS Sept. 30, June 30, March 31, Dec. 31, Sept. 30, (In thousands, except per share amounts) 2009 2009 2009 2008 2008 Interest income: Mortgage securities and similar investments $ 74,695 $ 81,062 $ 87,884 $ 95,397 $ 99,205 Overnight investments and swap receivables 69 133 217 272 346 74,764 81,195 88,101 95,669 99,551 Interest expense: Repurchase arrangements and similar borrowings (26,802) (31,626) (39,957) (65,349) (60,032) Unsecured borrowings (2,186) (2,187) (2,187) (2,187) (2,186) (28,988) (33,813) (42,144) (67,536) (62,218) Net interest margins 45,776 47,382 45,957 28,133 37,333 Net income 42,085 42,507 42,076 24,302 34,746 Income available to common stockholders 37,027 37,446 37,015 19,240 29,684 Diluted earnings per share 0.56 0.58 0.57 0.32 0.52 Common dividends per share 0.56 0.58 0.56 0.36 0.55 Common equity raises 71,361 5,760 2,677 46,992 25,237 Common shares outstanding (EOQ) 69,098 63,874 63,395 63,135 58,226 TOP COMMON STOCKHOLDERS* ANALYSTS Holder % O/S Firm Rating* Wells Capital Management Inc. 8.54 BGB Securities, Inc. Buy Barclays Global Investors, N.A. 5.94 Deutsche Bank Buy Thompson, Siegel & Walmsley LLC 3.71 FBR Capital Markets Outperform Vanguard Group, Inc. 3.17 Fox-Pitt Kelton Outperform Wellington Management Company, LLP 2.93 JMP Securities LLC Outperform Robeco Investment Management, Inc. 2.76 Keefe, Bruyette & Woods Market Perform Highland Capital Management, L.P. 2.55 RBC Capital Markets Outperform State Street Global Advisors 2.38 Sterne Agee Neutral Loomis, Sayles & Company, L.P. 1.96 Stifel Nicolaus Buy GW Capital, Inc. 1.80 *As of October 28, 2009 *% based on available data and shares outstanding as of October 28, 2009 Capstead Mortgage Corporation 8401 North Central Expressway, Suite 800, Dallas, TX 75225 PH 800.358.2323 / E invrel@capstead.com / www.capstead.com