CAPSTEAD MORTGAGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Capstead Mortgage Corporation - CMO

Jul 28, 2021

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Capstead Mortgage Corporation (NYSE: CMO) to Benefit Street Partners Realty Trust, Inc. Under the terms of the proposed transaction, shareholders of Capstead will receive a cash payment equal to a 15.75% premium to Capstead’s diluted book value per share and shares of Benefit Street common stock calculated on an adjusted “book-for-book” basis. The book values for Capstead and Benefit Street used to calculate the cash consideration and exchange ratio will be set on a date prior to the closing of the transaction.. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

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