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Exhibit (a)(10)
F O R T R E S S
INVESTMENT GROUP LLC
FOR RELEASE
Contact:
Lilly H. Donohue
Vice President, Fortress
212-798-6118
FORTRESS EXTENDS CASH TENDER OFFER FOR SHARES
OF CAPSTEAD MORTGAGE CORPORATION AND RAISES PRICE
NEW YORK, June 12, 2000 B Fortress Investment Fund LLC (together with its
affiliates, AFortress@) announced today that it will extend its fixed price cash
tender offer to purchase common stock of Capstead Mortgage Corporation (NYSE:
CMO) for ten business days and raise the price at which it will purchase the
stock to $9.00 per share, net to the seller. The extension period of Fortress=
tender offer will expire at 12:00 Midnight, New York City time, on Friday, June
24, 2000.
During the initial tender period, which expired on Friday, June 9, 2000,
approximately 745,186 shares of common stock of Capstead Mortgage Corporation
were tendered.
Fortress is a real estate opportunity fund located in New York with over $870
million of private equity capital. Fortress focuses on real estate-related
investments worldwide.
Merrill Lynch & Co. is acting as Dealer-Manager for this tender offer.
