INVESTOR PRESENTATION SECOND QUARTER 2020 Exhibit 99.1

Statement Concerning Forward-looking Statements This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “believe,” “anticipate,” “expect,” “estimate,” “intend,” “will be,” “will likely continue,” “will likely result,” or words or phrases of similar meaning. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, without limitation, fluctuations in interest rates, the availability of suitable qualifying investments, changes in mortgage prepayments, the availability and terms of financing, changes in market conditions as a result of federal corporate and individual tax law changes, changes in legislation or regulation affecting the mortgage and banking industries or Fannie Mae, Freddie Mac or Ginnie Mae securities, the availability of new investment capital, the liquidity of secondary markets and funding markets, our ability to maintain our qualification as a REIT for U.S. federal tax purposes, our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended, and other changes in general economic conditions. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date the statement is made and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers of this document are cautioned not to place undue reliance on any forward-looking statements included herein. Safe Harbor Statement - Private Securities Litigation Reform Act of 1995

Only residential mREIT to maintain and earn(b) its dividend payments through the pandemic-related disruption of the fixed income markets. Current low borrowing rates are contributing to improved portfolio returns at relatively low leverage levels. Company Summary Proven Strategy, Efficiently Executed Founded in 1985, Capstead is the oldest publicly-traded residential mortgage REIT. We manage a leveraged portfolio of adjustable-rate residential mortgage securities issued by Fannie Mae, Freddie Mac, or Ginnie Mae that can earn attractive risk-adjusted returns. At June 30, 2020, our Agency ARM portfolio stood at $8.3 billion, supported by $1.0 billion in long-term investment capital levered 7.5 times. Our agency-focused, short-duration strategy(a) is designed to insulate investors from credit and, to a large degree, interest rate risk: Investors in agency securities have little, if any, credit risk associated with mortgagor defaults, ARM securities reset to more current interest rates within a relatively short period of time, resulting in smaller fluctuations in portfolio values from changes in interest rates, and Our portfolio duration was approximately 1.2 years at quarter-end, and after considering related borrowings and derivatives held for portfolio hedging purposes, we had a 0.4 year net duration gap. We routinely borrow for 30 to 90 days and extend the duration of our borrowings primarily using eighteen-month to three-year term, pay-fixed, receive three-month LIBOR or OIS, interest rate swap agreements. We have long-term relationships with a variety of domestic and foreign lending counterparties. At quarter-end we had borrowings outstanding with 19 counterparties. We are internally managed with low operating costs and a strong focus on performance-based compensation ensuring the alignment of management’s interests with those of our stockholders. For investors seeking levered returns with a comparably higher degree of safety from interest rate and credit risk, we believe Capstead represents a compelling opportunity that is difficult to find elsewhere in the market. (a) Duration is a measure of market price sensitivity to interest rate movements. A shorter duration indicates less interest rate risk. (b) On a core earnings basis. Value Proposition About Capstead Recent Performance

MEZZANINE CAPITAL COMMON EQUITY CAPITAL 50% 16% 84% Market Snapshot NYSE: CMOPRE 7.50% (in thousands, except per share data) Shares outstanding (6/30/20): 10,329 Price (7/30/20): $23.07 Perpetual preferred; callable at $25 par Cost of preferred capital: 7.72% Shares outstanding (6/30/20): 96,395 NYSE: CMO (in thousands, except per share data) Book value (6/30/20): $6.79 Price (7/30/20): $6.16 Market capitalization (7/30/20): $593,793 Price as a multiple of trailing book value: 90.7% LONG-TERM UNSECURED BORROWINGS Recorded amount, net (6/30/20): $98,443 Cost of capital: 7.73% Market capitalization (7/30/20): $238,290 Matures in 2035/2036; callable at $100 par Recorded amount (6/30/20): $661,943 Recorded amount (6/30/20): $250,946

We increased our common dividend by 88% from Q1 2019 to Q4 2019 and have maintained a constant dividend for the last three straight quarters. Recent Operating Results The yield curve flattened considerably in 2018 as the Fed increased the Fed Funds rate, hampering our earnings. Our earnings improved in 2019 with the Fed on pause and then reducing the Fed Funds rate the latter half of 2019.

NET INCOME & BOOK VALUE Core Earnings INVESTMENT PORTFOLIO Book Value FINANCING $0.19 $0.18 GAAP EPS Core EPS $8.33B $1.01B Portfolio Value Investment Capital $7.58B $4.60B Secured Borrowings Swap Portfolio Portfolio Yields -6% Secured Borrowing Rates -37% Leverage Second Quarter Financial Summary ARM Securities Portfolio +13% -12% +12%

At 14 months, our ARM portfolio has a considerably shorter duration than fixed rate portfolios and therefore considerably less inherent interest rate risk. The relatively modest contraction and extension risk (convexity) of ARM securities naturally mitigates the risk of over or under hedging the portfolio. Why a Short Duration Strategy? Generic fixed rate Fannie Mae 30-year 2.5% fixed-rate TBA 2.54 3.34 6.79 Indicative (contraction) extension (0.80) 3.45 Effects of Instantaneous Parallel Shifts in the Yield Curve on Duration (in years) Duration -100 bps Recent Duration Duration +100 bps Capstead’s portfolio Agency ARM securities 0.80 1.17 1.44 Indicative (contraction) extension (0.37) 0.27 Related borrowings and derivatives -0.73 -0.73 -0.73 Net duration 0.07 0.44 0.71 As a general rule, a one-year duration implies a 1.0% change in price with a 1.0% change in interest rates. For illustrative purposes, the table above assumes no changes in pricing relative to U.S. Treasuries, i.e. spread widening or tightening. Recent duration for Fannie Mae 30-year TBAs is based on August settlement. Capstead’s positions are as of June 30, 2020.

In recent years, we have typically operated with a net duration gap of three to six months with leverage between 8 and 10x. Given the low interest rate sensitivity of our short-duration strategy, our use of leverage is relatively conservative. As of June 30, 2020, our leverage stood at 7.5x, providing us future flexibility as opportunities present themselves. Short-Duration with Conservative Leverage

ARM Portfolio Characteristics Net WAC, or weighted average coupon, is the weighted average interest rate of the mortgage loans underlying the indicated investments, net of servicing and other fees, as of June 30, 2020. Net WAC is expressed as a percentage calculated on an annualized basis on the unpaid principal balances of the mortgage loans underlying these investments. As such, it is similar to the cash yield on the portfolio which is calculated using amortized cost basis. Fully-Indexed WAC represents the weighted average coupon upon one or more resets using interest rate indexes and net margins in effect as of June 30, 2020. Excludes $1 million in legacy portfolio of fixed-rate residential mortgage investments. Reductions in short-term interest rates benefit earnings immediately via lower borrowing rates, while cash yields decline over time. Lower projected WACs on current-reset ARMs reduce incentives to refinance. As of June 30, 2020 (dollars in thousands, unaudited) Principal Balance Investment Premiums Amortized Cost Basis Fair Market Value Net WAC Fully-Indexed WAC Average Net Margins Months to Roll Current-reset ARMs: Fannie Mae Agency Securities $2,255,790 $78,066 $2,333,856 103.46069447953931 $2,344,547 3.2099999999999997E-2 2.2100000000000002E-2 1.6500000000000001E-2 5.9 Freddie Mac Agency Securities ,725,618 31,137 ,756,755 104.29110082715698 ,755,102 3.26 2.2400000000000002 1.76 7.5 Ginnie Mae Agency Securities ,160,813 3,994 ,164,807 102.48363005478413 ,166,318 3.32 1.69 1.52 4.9000000000000004 Residential Mortgage Loans 433 3 436 100.69284064665128 451 4.17 4.6900000000000004 2.09 6.1 (40% of total) 3,142,654 ,113,200 3,255,854 103.6020510052968 3,266,418 3.23 -1.04 2.19 1.67 6.2 Longer-to-reset ARMs: Fannie Mae Agency Securities 2,695,464 74,237 2,769,701 102.75414548292984 2,824,056 3.05 2.14 1.6 52 Freddie Mac Agency Securities 1,521,686 41,369 1,563,055 102.71862920471109 1,595,403 3 2.21 1.66 60 Ginnie Mae Agency Securities ,611,579 15,674 ,627,253 102.56287413400396 ,641,021 3.68 1.66 1.5 43.9 (60% of total) 4,828,729 ,131,280 4,960,009 102.71872784743148 5,060,480 3.12 -1.02 2.1 1.61 53.5 $7,971,383 $,244,480 $8,215,863 103.06697093841808 $8,326,898 3.16 -1.02 2.14 1.63 34.799999999999997 Gross WAC (rate paid by borrowers) 3.79

Agency Mortgage Prepayment Speeds 89% increase 55% increase ARMs tend to prepay faster than fixed-rate MBS and are priced accordingly. The current low interest rate environment coupled with the typical summer selling season has led to increases in prepayment speeds across all mortgage investments. However, ARM speeds have not increased as fast as fixed-rate speeds in recent periods.

Repo markets are functioning well with excess capacity in the system sparking competition among counterparties for balances, benefiting rates and haircuts. Financing and Hedging Summary Period of Contact Expiration Swap Notional Amounts Average Fixed Rates Third quarter 2021 2,400,000 1.23 First quarter 2022 400,000 1.37 Second quarter 2022 400,000 0.02 Third quarter 2022 900,000 0.00 $4,100,000 Secured Borrowings (repo) Terms range from a small amount of overnight to 90 days using 19 active counterparties. Unhedged repo rates averaged 0.68% during the 2nd quarter. At June 30, 2020 repo totaled $7.58 billion at an unhedged rate of 0.25%. Hedging Activities Typically hedge interest rate risk using 18 to 36 month interest rate swaps. Swaps averaged a 1.38% fixed rate during the 2nd quarter. At July 31, 2020 swaps totaled $4.10 billion notional amount with a fixed rate of 0.86%.

A Leader in Operating Cost Efficiency Capstead is internally-managed with low operating costs and stands out as a leader among our residential mortgage REIT peers (as well as other investment vehicles) in terms of operating cost efficiency. Chart data presented as of December 31, 2019 using available company filings, calculated as operating expenses divided by average long-term investment capital. 2019 Operating Cost Efficiency Comparison

APPENDIX – Financial Information

Quarterly Statements of Operations See page 16 for information regarding core earnings, core earnings per diluted common share and average financing spreads on residential mortgage investments, which are non-GAAP financial measures. Return on average common equity capital is calculated using core earnings less preferred dividends on an annualized basis over average common equity for the period.

Annual Statements of Operations – Five Years Ended 2019 Year ended December 31, 2017 excludes the effects of an adjustment to prior year annual incentive compensation accruals of $938,000 from operating costs as a percentage of average LTIC. Year ended December 31, 2016 excludes the effects of separation of service charges totaling $(3.0 million) and an adjustment to the prior year annual incentive compensation accrual of $(655,000).

When analyzed in conjunction with our GAAP operating results, we believe our presentation of core earnings and core earnings per common share allows investors to more effectively evaluate our performance and provides investors management’s view of the Company’s economic performance. Non-GAAP Financial Measures On March 1, 2019, the Company discontinued its use of hedge accounting on its interest rate swaps related to secured borrowings and introduced these non-GAAP financial measures. 2020 2019 Q2 Q1 Q4 Q3 Q2 Amount Per Share Amount Per Share Amount Per Share Amount Per Share Amount Per Share Net income (loss) $22,704 $0.19 $-,204,653 $-2.21 $32,672 $0.28999999999999998 $3,196 $-0.02 $,-63,460 $-0.8 Unrealized loss (gain) on non-designated derivative instruments -2,229 -0.02 56,182 0.59 ,-51,017 -0.54 ,-16,952 -0.19 59,388 0.7 Realized loss on termination of non-designated derivative instruments 1,320 0.01 ,100,565 1.06 39,312 0.42 31,673 0.35 24,202 0.28000000000000003 Amortization of unrealized loss (gain) of derivative instruments held at the time of de-designation 122 0 -,103 0 -1,858 0.02 -3,119 -0.03 -6,715 -0.08 Realized loss on sale of investments – – 67,820 0.72 – – – – 1,365 0.02 Core earnings $21,917 $0.18 $19,811 $0.16 $19,109 $0.15 $14,798 $0.11 $14,780 $0.12 2020 2019 Year Ended Q2 Q1 Q4 Q3 Q2 2019 2018 2017 2016 2015 Total financing spreads 1.52E-2 6.6E-3 5.7000000000000002E-3 3.0999999999999999E-3 3.3999999999999998E-3 4.1000000000000003E-3 3.3E-3 5.4999999999999997E-3 6.4000000000000003E-3 8.0999999999999996E-3 Impact of yields on other interest-earning assets 0.04 0.02 0.01 0 0.01 0 0 7.7851161787011181E-3 0.02 0.03 Impact of borrowing rates on other interest-paying liabilities 0.09 4.7719269475736403E-2 4.7719269475736403E-2 4.7719269475736403E-2 4.7719269475736403E-2 0.05 0.05 5.1329860796100801E-2 0.06 5.1329860796100801E-2 Impact of amortization of unrealized gain, net of unrealized losses on de-designated derivative instruments 0.01 0 -7.0000000000000007E-2 -0.12 -0.24 -0.14000000000000001 – – – – Impact of net interest cash flows on non-designated derivative instruments -0.41 0.04 0.14000000000000001 0.21 0.31 0.21 – – – – Financing spreads on residential mortgage investments 1.25 0.77 0.7 0.45 0.47 0.53 0.38 0.61 0.72 0.89

Comparative Balance Sheets

- - Book Value per Common Share Progression March 31, 2020 – June 30, 2020 GAAP Earnings Core Earnings

- - - - - - - Book Value per Common Share Progression December 31, 2019 – June 30, 2020 GAAP Earnings Core Earnings

Phillip A. Reinsch – President and Chief Executive Officer Appointed President, CEO and Director in July 2016 after serving as Chief Financial Officer since 2003 Served in other executive positions at Capstead since 1993 Robert R. Spears – Executive Vice President, Chief Investment Officer Served in asset and liability management positions at Capstead since 1994 Formerly Vice President of secondary marketing with NationsBanc Mortgage Corporation Roy S. Kim – Senior Vice President, Asset and Liability Management Joined Capstead in April 2015 augmenting our asset and liability management capabilities with primary responsibility for liability and derivative management Has over 20 years experience in the mortgage finance industry, primarily in trading capacities with JP Morgan and Bank of America Lance J. Phillips – Senior Vice President, Chief Financial Officer and Secretary Joined Capstead in October 2017 Has over 20 years experience in the accounting and finance industry, most recently as Vice President and Principal Accounting Officer for InfraREIT, Inc. Our top four executive officers have over 75 years of mortgage finance industry experience. Experienced Management Team