BALA CYNWYD, PA / ACCESSWIRE / July 28, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors ofCapstead Mortgage Corporation ("Capstead Mortgage" or the "Company") (NYSE:CMO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Benefit Street Partners Realty Trust, Inc ("BSPRT"). Under the terms of the agreement, Capstead common stockholders will receive a cash payment equal to a 15.75% premium to Capstead's diluted book value per share and shares of BSPRT common stock calculated on an adjusted 'book-for-book' basis. The book values for Capstead and BSPRT Partners used to calculate the cash consideration and exchange ratio will be set on a date prior to the closing of the transaction.
The investigation concerns whether the Capstead Mortgage Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether BSPRT is paying too little for the Company.
If you own shares of Capstead Mortgage stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/capstead-mortgage-corporation-nyse-cmo/, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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