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NEW ORLEANS, July 28, 2021--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Capstead Mortgage Corporation (NYSE: CMO) to Benefit Street Partners Realty Trust, Inc. Under the terms of the proposed transaction, shareholders of Capstead will receive a cash payment equal to a 15.75% premium to Capstead’s diluted book value per share and shares of Benefit Street common stock calculated on an adjusted "book-for-book" basis. The book values for Capstead and Benefit Street used to calculate the cash consideration and exchange ratio will be set on a date prior to the closing of the transaction.. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (firstname.lastname@example.org) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-cmo/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727006211/en/
Kahn Swick & Foti, LLC
Lewis S. Kahn