CAPITAL TRANSACTIONS

3 Months Ended

Mar. 31, 2015

CAPITAL TRANSACTIONS [Abstract]

CAPITAL TRANSACTIONS

NOTE 8 ¾ CAPITAL TRANSACTIONS

During the quarter ended March 31, 2015, Capstead issued an additional 432,000 shares of its 7.50% Series E Cumulative Redeemable Preferred Stock through an at-the-market continuous offering program at an average price of $24.67, net of underwriting fees and other costs, for net proceeds of $10.7 million.  Amounts raised subsequent to quarter-end under this program have been minimal.