NEW YORK, Jul 26, 2021 / PRNewswire / – WeissLaw LLP is investigating possible violations of fiduciary obligations and other violations of the law by the Board of Directors of Capstead Mortgage Corporation (“Capstead” or “Company”) (NYSE: CMO) in connection with the proposed merger of the Company with Benefit Street Partners Realty Trust, Inc (“BSPRT”). Under the terms of the merger agreement, Capstead shareholders will receive a cash payment equal to 15.75% of the premium on Capstead’s diluted book value per share and BSPRT common shares calculated on an adjusted book basis. The carrying amount of Capstead and BSPRT used to calculate the cash reward and exchange rate will be set as of the date prior to the close of the trade. Based June 30, 2021 book value of one Capstead of US $ 6.35 and the expected book value of BSPRT per share $ 18.28, implied cash payment would be US $ 0.99 per share, and the total cost will be USD 7.30 per share. The deal is valued at approximately $ 2 billion…
if you have Capstead shares and wishes to discuss this investigation or ask any questions regarding this notice or your rights or interests, please visit our website:
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Joshua Rubin, Esq.
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New York, NY 10036
WeissLaw LLP is investigating: (i) whether Capstead’s board of directors acted in the best interests of the Company’s shareholders in agreeing to the proposed transaction, (ii) the consideration received for the merger provides adequate compensation to Capstead shareholders, and (iii) whether all information relating to the sale process and the value of the transaction will be fully and reliably disclosed.
WeissLaw LLP has sued hundreds of categories of shareholders and derivatives for breach of corporate and fiduciary obligations. We have returned over a billion dollars to defrauded clients and received important corporate governance breaks in many of these cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, embezzlement of corporate assets, accounting fraud or materially misleading information), consumer fraud (including false advertising, defective products, or other misleading business methods), or violations of antitrust laws, write to us at [email protected]
SOURCE WeissLaw LLP