Capstead Mortgage Corporation Announces Change to a Virtual Meeting Format for Its 2020 Annual Meeting of Stockholders
April 23 2020 - 1:30PM
Business Wire
Capstead Mortgage Corporation (NYSE: CMO) (“Capstead” or the
“Company”) announced today that the Company will hold its 2020
Annual Meeting of Stockholders (the “Annual Meeting”) in a virtual
only format that will be conducted live over the internet due to
the emerging public health impact of the global COVID-19 pandemic
and to protect and support the health and well-being of our
stockholders, employees and the greater community. As previously
announced, the Annual Meeting will be held on May 12, 2020 at 9:00
a.m. Central Time. Stockholders attending the virtual Annual
Meeting will have the same opportunities they have had at past
in-person annual meetings to participate, ask questions, and
provide feedback to our management team and our board of directors.
Representatives of Ernst & Young LLP, our independent
registered public accounting firm, will also attend the virtual
Annual Meeting and will be available to answer questions at that
time.
As described in the proxy materials for the Annual Meeting that
were previously distributed, stockholders are entitled to
participate in the Annual Meeting if they were a stockholder of the
Company as of the close of business on March 18, 2020, the record
date, or hold a legal proxy for the Annual Meeting provided by a
bank, broker, or other holder of record as of the record date. In
order to attend the Annual Meeting virtually via the Internet,
stockholders must register in advance at www.proxydocs.com/CMO
prior to the deadline of 4:00 p.m. Central Time on May 8, 2020.
Stockholders will be required to enter the control number found on
the proxy card, voting instruction form or Notice of Electronic
Availability that were previously provided. Upon completing the
registration, such stockholders will receive further instructions
via email, including unique links that will allow each registered
stockholder to access the meeting and will permit a registered
stockholder to submit questions during the meeting. If a
stockholder encounters any difficulties accessing the virtual
meeting during the check-in or meeting time, such stockholder may
call the technical support number provided.
If a stockholder has not already voted his or her shares in
advance, such stockholder may vote during the Annual Meeting by
following the instructions available on the meeting website during
the Annual Meeting. Whether or not a stockholder plans to attend
the Annual Meeting, we urge all stockholders to vote and submit
their proxy in advance of the Annual Meeting by one of the methods
described in the proxy materials for the Annual Meeting that were
previously provided. The proxy card included with the materials
previously distributed will not be updated to reflect the change in
location and may continue to be used to vote such shares in
connection with the Annual Meeting. The proxy statement and annual
report are available on our website under the investor relations
tab at www.capstead.com.
About Capstead
Capstead is a self-managed real estate investment trust, or
REIT, for federal income tax purposes. The Company earns income
from investing in a leveraged portfolio of residential
adjustable-rate mortgage pass-through securities, referred to as
ARM securities, issued and guaranteed by government-sponsored
enterprises, either Fannie Mae, Freddie Mac, or by an agency of the
federal government, Ginnie Mae. Capstead’s investment strategy
attempts to mitigate risks to book value by focusing on investments
in agency-guaranteed residential mortgage pass-through securities,
which are considered to have little, if any, credit risk and are
collateralized by ARM loans with interest rates that reset
periodically to more current levels.
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Lindsey Crabbe (214) 874-2339
Capstead Mortgage (NYSE:CMO)
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