Capstead Mortgage Corporation announced at the Effective Time, and in connection with the Merger, each member of the board of directors of Capstead ceased to be a director of Capstead. These directors are Pat Augustine, Jack Biegler, Michelle P. Goolsby, Gary Keiser, Christopher W. Mahowald, Michael G. O'Neil and Mark S. Whiting. Their respective removals were not a result of any disagreements between Capstead and any of the directors on any matter relating to Capstead's operations, policies or practices. At the Effective Time, and in connection with the Merger, each of the officers of Capstead were terminated and ceased to be an officer of Capstead. These officers are Phillip A. Reinsch, Lance J. Phillips, Robert R. Spears, Jr., and Roy S. Kim.