SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(AMENDMENT NO. 2)
CAPSTEAD MORTGAGE CORPORATION
(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)
14067E 40 7
(CUSIP NUMBER)
Randal A. Nardone
Chief Operating Officer and Secretary
Fortress Registered Investment Trust
Sole member of Fortress Cap LLC
1301 Avenue of the Americas
New York, New York 10019
(212) 798-6100
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
COPY TO:
J. Gregory Milmoe
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036-6522
(212) 735-3000
July 1, 2000
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d(f) or 13d-1(g),
check the following box |_| .
CUSIP NO. 1406E 40 7 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS CAP LLC (I.R.S. EMPLOYER IDENTIFICATION NUMBER [ ])
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
NOT APPLICABLE (b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 8,301,017 -
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 8,301,017 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 8,301,017 -
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.7% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 11, 2000 AND ASSUMING FULL CONVERSION OF THE SERIES C AND
SERIES D CONVERTIBLE PREFERRED STOCK OF CAPSTEAD BENEFICIALLY OWNED
BY THE REPORTING PERSON)
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14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 1406E 40 7 13D PAGE 3 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS REGISTERED INVESTMENT TRUST (I.R.S. EMPLOYER IDENTIFICATION
NUMBER [ ])
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
NOT APPLICABLE (b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 8,301,017 -
OWNED BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 8,301,017 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 8,301,017 -
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.7% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 11, 2000 AND ASSUMING FULL CONVERSION OF THE SERIES C AND SERIES
D CONVERTIBLE PREFERRED STOCK OF CAPSTEAD BENEFICIALLY OWNED BY THE
REPORTING PERSON)
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14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 1406E 40 7 13D PAGE 4 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT FUND LLC
(I.R.S. EMPLOYER IDENTIFICATION NUMBER [ ])
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
NOT APPLICABLE (b) |_|
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 8,301,017 -
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 8,301,017 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 8,301,017 -
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.7% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 11, 2000 AND ASSUMING FULL CONVERSION OF THE SERIES C AND SERIES
D CONVERTIBLE PREFERRED STOCK OF CAPSTEAD BENEFICIALLY OWNED BY THE
REPORTING PERSON)
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14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 1406E 40 7 13D PAGE 5 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT GROUP LLC
(I.R.S. EMPLOYER IDENTIFICATION NUMBER [ ])
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
NOT APPLICABLE (b) |_|
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES
BENEFICIALLY 8 SHARED VOTING POWER - 8,301,017 -
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER - 8,301,017 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 8,301,017 -
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.7% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 11, 2000 AND ASSUMING FULL CONVERSION OF THE SERIES C AND SERIES
D CONVERTIBLE PREFERRED STOCK OF CAPSTEAD BENEFICIALLY OWNED BY THE
REPORTING PERSON)
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14 TYPE OF REPORTING PERSON
CO
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This Amendment No. 2 ("Amendment") to the Statement on Schedule
13D dated December 17, 1999, as amended by Amendment No. 1 thereto dated
February 22, 2000 (the "Schedule 13D") filed by Fortress Cap LLC, a
Delaware limited liability company ("Cap LLC"), Fortress Registered
Investment Trust, a Delaware business trust ("Fortress Trust"), Fortress
Investment Fund LLC, a Delaware limited liability company ("Fortress Fund")
and Fortress Investment Group LLC, a Delaware limited liability company
("Fortress Group"), relates to the common stock, par value $.01 per share
(the "Common Stock"), of Capstead Mortgage Corporation, a Maryland
corporation ("Capstead"). This Amendment also amends the Schedule TO
filed on May 12, 2000, as amended by Amendment No. 1 thereto dated June 12,
2000 and Amendment No. 2 thereto dated July 6, 2000 filed by Cap LLC, Fortress
Trust, Fortress Fund and Fortress Group. This Amendment is filed jointly by
Cap LLC, Fortress Trust, Fortress Fund and Fortress Group. All capitalized
terms used but not defined herein have the meanings ascribed to them in the
Schedule 13D.
ITEM 5.
Item 5 (c) is hereby amended and supplemented to add the
following:
On July 3, 2000, Fortress Investment Fund LLC (together with its
affiliates, "Fortress") announced the completion of its $9.00 per share
cash tender offer for up to 5,000,000 shares of Common Stock of Capstead
commenced on May 12, 2000. The tender offer expired at 12:01 a.m., New York
City time, on Saturday, July 1, 2000, at which time 2,923,017 shares of
Capstead Common Stock were validly tendered, including guaranteed
deliveries. Based on the 22,590,431 shares of Capstead Common Stock
outstanding following its 1 for 2 reverse stock split which was effective
on May 8, 2000, Fortress owns 29.7% of the total issued and outstanding
shares of Capstead Common Stock, assuming full conversion of the Series C
and Series D preferred shares of Capstead owned by Fortress.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
July 12, 2000
FORTRESS CAP LLC
By: /s/ Randal A. Nardone
-----------------------------
Randal A. Nardone, as
Chief Operating Officer and Secretary of
Fortress Registered Investment Trust,
sole member of Fortress Cap LLC
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
July 12, 2000
FORTRESS REGISTERED
INVESTMENT TRUST
By: /s/ Randal A. Nardone
---------------------------------------
Randal A. Nardone, as
Chief Operating Officer and Secretary of
Fortress Registered Investment Trust
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
July 12, 2000
FORTRESS INVESTMENT FUND, LLC
By: /s/ Randal A. Nardone
-------------------------------------
Randal A. Nardone, as
Chief Operating Officer and Secretary of
Fortress Fund MM, LLC, managing member
of Fortress Investment Fund, LLC
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
July 12, 2000
FORTRESS INVESTMENT GROUP LLC
By: /s/ Randal A. Nardone
-------------------------------------
Randal A. Nardone, as
Chief Operating Officer and Secretary
of Fortress Investment Group LLC
