CAPITAL TRANSACTIONS

9 Months Ended

Sep. 30, 2016

CAPITAL TRANSACTIONS [Abstract]

CAPITAL TRANSACTIONS

NOTE 9 ¾ CAPITAL TRANSACTIONS

During the nine months ended September 30, 2016, Capstead issued an additional 48,000 shares of its 7.50% Series E Cumulative Redeemable Preferred Stock through an at-the-market continuous offering program at an average price of $24.05, net of underwriting fees and other costs, for net proceeds of $1.2 million.  While no shares were issued under this program during the quarter ended September 30, 2016, a modest amount of shares were issued subsequent to quarter-end through November 4, 2016.