CAPSTEAD MORTGAGE CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF INCOME

file	filename
10-K - FORM 10-K - CAPSTEAD MORTGAGE CORP	d10k.htm
EX-21 - LIST OF SUBSIDIARIES - CAPSTEAD MORTGAGE CORP	dex21.htm
EX-13 - PORTIONS OF THE ANNUAL REPORT - CAPSTEAD MORTGAGE CORP	dex13.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CAPSTEAD MORTGAGE CORP	dex23.htm
EX-32 - SECTION 906 CERTIFICATION PRESIDENT AND CEO AND EVP AND CFO - CAPSTEAD MORTGAGE CORP	dex32.htm
EX-31.1 - SECTION 302 CERTIFICATION PRESIDENT AND CEO - CAPSTEAD MORTGAGE CORP	dex311.htm
EX-31.2 - SECTION 302 CERTIFICATION EVP AND CFO - CAPSTEAD MORTGAGE CORP	dex312.htm

EXHIBIT 12

CAPSTEAD MORTGAGE CORPORATION

COMPUTATION OF RATIO OF INCOME FROM CONTINUING OPERATIONS TO

COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(In thousands, except ratios)

(Unaudited)

Computation of ratio of income from continuing operations to combined fixed charges and preferred stock dividends:


	*Year Ended December 31*
	*2009*		*2008*		*2007*		*2006*		*2005*
Fixed charges	$	128,830	$	258,453	$	275,648	$	235,521	$	106,909
Preferred stock dividends		20,239		20,251		20,256		20,256		20,256

Combined fixed charges and preferred stock dividends	$	149,069	$	278,704	$	295,904	$	255,777	$	127,165

Fixed charges	$	128,830	$	258,453	$	275,648	$	235,521	$	106,909
Income from continuing operations		129,263		125,923		24,713		3,843		17,195

	$	258,093	$	384,376	$	300,361	$	239,364	$	124,104

Ratio of income from continuing operations to combined fixed charges and preferred stock dividends		1.73:1		1.38:1		1.02:1

Deficiency of income from continuing operations (before fixed charges) to combined fixed charges and preferred stock dividends							$	16,413	$	3,061

CAPSTEAD MORTGAGE CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF INCOME - February 26, 2010