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. 5)
CAPSTEAD MORTGAGE CORPORATION
-------------------------------
(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
-----------------------------------------
(TITLE OF CLASS OF SECURITIES)
14067E 40 7
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(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
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(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
December 28, 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 |_|.
(Page 1 of 14 Pages)
CUSIP NO. 14067E 40 7 13D PAGE 2 OF 14 PAGES
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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 - 9,298,717 -
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ---------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,298,717 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,298,717 -
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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)
33.2% (BASED ON 25,282,472 SHARES OF COMMON STOCK OUTSTANDING AS
OF JANUARY 9, 2001 AND ASSUMING FULL CONVERSION OF THE SERIES C
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 PAGE 3 OF 14 PAGES
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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
------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 9,298,717 -
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ---------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,298,717 -
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,298,717 -
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.2% (BASED ON 25,282,472 SHARES OF COMMON STOCK OUTSTANDING AS
OF JANUARY 9, 2001 AND ASSUMING FULL CONVERSION OF THE SERIES C
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 PAGE 4 OF 14 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT FUND LLC
------------------------------------------------------------------------------
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) |_|
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 9,298,717 -
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ---------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,298,717 -
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,298,717 -
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.2% (BASED ON 25,282,472 SHARES OF COMMON STOCK OUTSTANDING AS
OF JANUARY 9, 2001 AND ASSUMING FULL CONVERSION OF THE SERIES C
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 PAGE 5 OF 14 PAGES
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS INVESTMENT GROUP LLC
------------------------------------------------------------------------------
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) |_|
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 9,298,717 -
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ---------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,298,717 -
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,298,717 -
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.2% (BASED ON 25,282,472 SHARES OF COMMON STOCK OUTSTANDING AS
OF JANUARY 9, 2001 AND ASSUMING FULL CONVERSION OF THE SERIES C
CONVERTIBLE PREFERRED STOCK OF CAPSTEAD BENEFICIALLY OWNED BY THE
REPORTING PERSON)
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 14067E 40 7 13D PAGE 5 OF 14 PAGES
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FORTRESS PRINCIPAL INVESTMENT HOLDINGS LLC
------------------------------------------------------------------------------
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) |_|
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER - 0 -
SHARES ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER - 9,298,717 -
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER - 0 -
REPORTING ---------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER - 9,298,717 -
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 9,298,717 -
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.2% (BASED ON 25,282,472 SHARES OF COMMON STOCK OUTSTANDING AS
OF JANUARY 9, 2001 AND ASSUMING FULL CONVERSION OF THE SERIES C
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. 5 (this "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,
Amendment No. 3 thereto dated September 8, 2000 and Amendment No. 4 thereto
dated October 31, 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 Group 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:
On December 28, 2000, Cap LLC converted all of the shares
of Capstead Series D Preferred Stock held by it into 2,689,000
shares of Capstead Common Stock. The conversion referenced above
was consummated pursuant to and in accordance with the terms of
such Series D Preferred Stock. As a result of the conversion, Cap
LLC no longer owns any shares of Series D Preferred Stock. Cap LLC
continues to own an aggregate of 2,689,000 shares of Capstead
Series C Preferred Stock which are convertible at any time at the
option of the holder into an aggregate of 2,689,000 shares of
Capstead Common Stock.
Since October 23, 2000, the date of the last purchase
transaction reported on Amendment No. 4 to the Schedule 13D, Cap
LLC has purchased an aggregate of 85,400 shares of 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.
<TABLE>
<CAPTION>
NUMBER OF PER SHARE AGGREGATE
DATE OF ACQUISITION SHARES PURCHASED PURCHASE PRICE PURCHASE PRICE
------------------- ---------------- -------------- --------------
<S> <C> <C> <C>
November 29, 2000................... 5,000 $ 10.2500 $ 51,550.00
November 30, 2000................... 5,000 10.2500 51,550.00
November 30, 2000................... 5,000 10.1875 51,237.50
November 30, 2000................... 1,300 10.1250 13,240.50
December 1, 2000.................... 5,000 10.2500 51,550.00
December 4, 2000.................... 12,300 10.2500 126,813.00
December 5, 2000.................... 16,600 10.2500 171,146.00
December 5, 2000.................... 1,000 10.1875 10,247.50
December 6, 2000.................... 5,400 10.2500 55,674.00
December 12, 2000................... 13,600 10.3750 141,916.00
December 13, 2000................... 200 10.5000 2,112.00
December 14, 2000................... 5,500 10.5000 58,080.00
December 21, 2000................... 5,000 10.7500 54,050.00
January 2, 2001..................... 4,500 10.7500 48,645.00
Total...................... 85,400 $ 10.3359 $ 887,811.50
====== ========= ==========
</TABLE>
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.
January 9, 2001
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.
January 9, 2001
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.
January 9, 2001
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.
January 9, 2001
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.
January 9, 2001
FORTRESS PRINCIPAL INVESTMENT
HOLDINGS LLC
By: /s/ Randal A. Nardone
----------------------------
Randal A. Nardone, as
Secretary
