This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Today, we bring you a boring article.
Sometimes, we write about the same preferred share again and again.
Note on CMO's common stock
We recently did a mortgage REIT sector update for subscribers which you can find here (subscription required). This article will focus on a preferred share from Capstead Mortgage Trust (CMO).
CMO owns a portfolio of adjustable-rate mortgages. These mortgages are agency-backed. Consequently, they carry extremely small amounts of credit risk. The adjustable-rate mortgages perform