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. 4)
CAPSTEAD MORTGAGE CORPORATION
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(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
September 8, 2000 through October 23, 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. 14067E 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
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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 - 9,213,317 -
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,213,317 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,213,317 -
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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)
32.9% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
AUGUST 10, 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. 14067E 40 7 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS REGISTERED INVESTMENT TRUST
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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 - 9,213,317 -
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,213,317 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,213,317 -
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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)
32.9% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
AUGUST 10, 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. 14067E 40 7 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT FUND LLC
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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 - 9,213,317 -
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,213,317 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,213,317 -
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.9% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
AUGUST 10, 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. 14067E 40 7 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT GROUP LLC
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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 - 9,213,317 -
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,213,317 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,213,317 -
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.9% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
AUGUST 10, 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. 14067E 40 7 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS PRINCIPAL INVESTMENT HOLDINGS LLC
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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
-------------------------------------------------------------------------------
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 - 9,213,317 -
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,213,317 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,213,317 -
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.9% (BASED ON 22,590,431 SHARES OF COMMON STOCK OUTSTANDING AS OF
AUGUST 10, 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. 4 ( "Amendment") to the Statement on Schedule
13D dated January 21, 2000, as amended by Amendment No. 1 thereto dated
February 22, 2000, Amendment No. 2 thereto dated July 12, 2000 and
Amendment No. 3 thereto dated September 8, 2000 (as so amended, 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"), Fortress Investment Group LLC,
a Delaware limited liability company ("Fortress Group"), and Fortress
Principal Investment Holdings LLC, a Delaware limited liability company
("FPIH"), relates to the common stock, par value $0.01 per share (the
"Common Stock"), of Capstead Mortgage Corporation, a Maryland corporation
("Capstead"). This Amendment is filed jointly by Cap LLC, Fortress Trust,
Fortress Fund, Fortress Group and FPIH. All capitalized terms used but not
defined herein have the meanings ascribed to them in the Schedule 13D.
ITEM 2.
The first paragraph of Item 2 of the Schedule 13D is hereby amended
and restated in its entirety as follows:
Fortress Cap LLC is a Delaware limited liability company
("Cap LLC") that is wholly owned by its sole member, Fortress
Registered Investment Trust, a Delaware business trust ("Fortress
Trust"). All issued and outstanding shares of beneficial interest
of Fortress Trust are owned by Fortress Investment Fund LLC, a
Delaware limited liability company ("Fortress Fund"). Fortress Fund
has no directors or executive officers. The managing member of
Fortress Fund is Fortress Fund MM LLC, a Delaware limited liability
company. Fortress Investment Holdings LLC is the sole member of
Fortress Investment Group LLC, a Delaware limited liability company
("Fortress Group"), which, together with Fortress Fund MM Inc., a
Delaware corporation, owns all of the beneficial interests of
Fortress Fund MM LLC. Fortress Fund MM Inc. is also the managing
member of Fortress Fund MM LLC. Fortress Principal Investment Group
LLC, a Delaware limited liability company ("FPIG"), together with
Fortress Partners, LP, a Delaware limited partnership, owns all of
the issued and outstanding common stock of Fortress Fund MM Inc.
Fortress Principal Investment Holdings LLC, a Delaware limited
liability company ("FPIH") is the sole member of FPIG. The address
of each of the above-referenced entities in this Item 2 is 1301
Avenue of the Americas, 42nd Floor, New York, New York 10019 and
the principal business of each such entity is real estate-related
investments.
ITEM 5.
Item 5 of the Schedule 13D is hereby amended and supplemented to
add the following:
Since September 8, 2000, the date of Amendment No. 3 to the
Schedule 13D, Cap LLC has purchased an aggregate of 483,800 shares
of the Capstead Common Stock. All such shares were acquired in open
market purchases pursuant to transactions executed by Merrill,
Lynch, Pierce, Fenner & Smith, Inc. or PaineWebber Inc., each of
which is a registered broker dealer. The table below sets forth (i)
the date of each such acquisition, (ii) the number of shares
acquired, (iii) the price per share paid in connection with each
such acquisition and (iv) the aggregate purchase price paid by Cap
LLC in connection with each such acquisition.
NUMBER OF PER SHARE AGGREGATE
DATE OF ACQUISITION SHARES PURCHASED PURCHASE PRICE PURCHASE PRICE
------------------- ---------------- -------------- --------------
September 8, 2000.... 10,100 $ 8.8750 $ 90,243.50
September 8, 2000.... 100 8.8125 887.25
September 8, 2000 ... 3,600 8.7500 31,716.00
September 11, 2000... 3,500 8.8750 31,272.50
September 15, 2000... 6,000 8.8750 53,610.00
September 18, 2000... 8,000 8.8750 71,480.00
September 19, 2000... 5,000 8.8125 44,362.50
September 19, 2000... 2,900 8.7500 25,549.00
September 20, 2000... 900 8.8750 8,041.50
September 20, 2000... 10,000 8.8125 88,725.00
September 21, 2000... 11,600 8.9375 104,371.00
September 22, 2000... 6,700 8.8750 59,864.50
September 22, 2000... 800 8.8125 7,098.00
September 25, 2000... 10,000 8.9375 89,975.00
September 25, 2000... 1,400 8.8750 12,509.00
September 25, 2000... 4,600 8.9375 41,388.50
September 26, 2000 .. 5,000 8.8750 44,675.00
September 26, 2000 .. 6,700 8.8125 59,445.75
September 27, 2000 .. 5,000 8.8750 44,675.00
September 27, 2000 .. 5,000 8.9375 44,987.50
September 28, 2000 .. 3,100 8.8750 27,698.50
September 29, 2000 .. 6,800 8.9375 61,183.00
October 2, 2000 ..... 8,200 8.9375 73,779.50
October 3, 2000 ..... 15,800 8.9375 142,160.50
October 4, 2000 ..... 12,100 8.9375 108,869.75
October 5, 2000 ..... 100 8.9375 899.75
October 9, 2000 ..... 12,900 9.0000 116,874.00
October 10, 2000 .... 52,500 9.0000 475,650.00
October 11, 2000 .... 76,300 9.0000 691,278.00
October 12, 2000 .... 42,800 9.0000 387,768.00
October 13, 2000 .... 600 9.1875 5,548.50
October 17, 2000 .... 10,000 9.2500 93,100.00
October 17, 2000 .... 15,000 9.1875 138,712.50
October 18, 2000 .... 5,000 9.2500 46,550.00
October 18, 2000 .... 5,000 9.1875 46,237.50
October 18, 2000 .... 16,800 9.1250 154,308.00
October 18, 2000 .... 300 9.0625 2,736.75
October 19, 2000 .... 10,000 9.2500 93,100.00
October 19, 2000 .... 10,000 9.1875 92,475.00
October 19, 2000 .... 8,100 9.1250 74,398.50
October 20, 2000 .... 10,000 9.2500 93,100.00
October 20, 2000..... 10,000 9.1875 92,475.00
October 23, 2000..... 43,500 9.2500 404,985.00
October 23, 2000..... 2,000 9.1250 18,370.00
-------- ------- -----------
Total........ 483,800 $ 9.0887 $4,397,134.25
========= ======= =============
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.
October 31, 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.
October 31, 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.
October 31, 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.
October 31, 2000
FORTRESS INVESTMENT GROUP LLC
By: /s/ Randal A. Nardone
-----------------------------------------
Randal A. Nardone, as
Chief Operating Officer and Secretary of
Fortress Investment Group 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.
October 31, 2000
FORTRESS PRINCIPAL INVESTMENT
HOLDINGS LLC
By: /s/ Randal A. Nardone
-----------------------------------------
Randal A. Nardone, as
Secretary
