<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 18, 1997
(Date of earliest event reported)
CAPSTEAD MORTGAGE CORPORATION
(Exact name of Registrant as specified in its charter)
Maryland 1-8896 75-2027937
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
2711 North Haskell
Dallas, Texas 75204
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
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Item 5. Other Events. This Current Report is being filed solely in order to
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file the following exhibits as part of the Registrant's Registration Statement
on Form S-3 (No. 333-26865), as amended:
Exhibit No. Description
----------- -----------
12.1 Computation of Ratio of Earnings to Combined
Fixed Charges and Preferred Stock Dividends.
Item 7. Financial Statements and Exhibits
---------------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
Exhibit No. Description
----------- -----------
12.1 Computation of Ratio of Earnings to Combined
Fixed Charges and Preferred Stock Dividends.
2
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Signatures
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CAPSTEAD MORTGAGE CORPORATION
August 18, 1997 By: /s/ ANDREW F. JACOBS
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Andrew F. Jacobs
Senior Vice President - Control
3
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EXHIBIT 12.1
CAPSTEAD MORTGAGE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In thousand, except ratios)
(unaudited)
(a) Computation of ratio of earnings to combined fixed charges and preferred
stock dividends (including CMO debt):
<TABLE>
<CAPTION>
Six Months
Ended
June 30 Year Ended December 31
---------- ----------------------------------------------------
1997 1996 1995 1994 1993 1992
---------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Fixed charges............................ $293,548 $598,312 $584,137 $474,844 $491,076 $415,433
Preferred stock dividends................ 13,862 36,356 39,334 38,876 38,592 4,707
-------- -------- -------- -------- -------- --------
Combined fixed charges and preferred
stock dividends........................ 307,410 634,668 623,471 513,720 529,668 420,140
Net income............................... 77,059 127,228 77,359 85,579 94,256 53,191
-------- -------- -------- -------- -------- --------
Total.................................. $384,469 $761,896 $700,830 $599,299 $623,924 $473,331
======== ======== ======== ======== ======== ========
Ratio of earnings to combined fixed
charges and preferred stock dividends.. 1.25:1 1.20:1 1.12:1 1.17:1 1.18:1 1.13:1
======== ======== ======== ======== ======== ========
</TABLE>
(b) Computation of ratio of earnings to combined fixed charges and preferred
stock dividends (excluding CMO debt):
<TABLE>
<CAPTION>
Six Months
Ended
June 30 Year Ended December 31
---------- ----------------------------------------------------
1997 1996 1995 1994 1993 1992
---------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Fixed Charges............................ $155,939 $283,974 $223,751 $139,188 $ 80,923 $ 62,077
Preferred stock dividends................ 13,862 36,356 39,334 38,876 38,592 4,707
-------- -------- -------- -------- -------- --------
Combined fixed charges and preferred
stock dividends........................ 169,801 320,330 263,085 178,064 119,515 66,784
Net income............................... 77,059 127,228 77,359 85,579 94,256 53,191
-------- -------- -------- -------- -------- --------
Total.................................. $246,860 $447,558 $340,444 $263,643 $213,771 $119,975
======== ======== ======== ======== ======== ========
Ratio of earnings to combined fixed
charges and preferred stock dividends. 1.45:1 1.40:1 1.29:1 1.48:1 1.79:1 1.80:1
======== ======== ======== ======== ======== ========
</TABLE>
