Orchid Island Capital, Inc. (NYSE:ORC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. 1.1 Equity Distribution Agreement, dated January 23, 2020, by and among the Company, Bimini Advisors, LLC, Ladenburg Thalmann & Co. Inc., JonesTrading Institutional Services LLC and MUFG Securities Americas Inc. 5.1 Opinion of Venable LLP, dated January 23, 2020, with respect to the legality of the shares 23.1 Consent of Venable LLP (included in exhibit 5.1)

Orchid Island Capital, Inc. Exhibit
EX-1.1 2 tm205530d3_ex1-1.htm EXHIBIT 1.1 Exhibit 1.1    JANUARY 23,…
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About Orchid Island Capital, Inc. (NYSE:ORC)

Orchid Island Capital, Inc. (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. Its portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS. Its pass-through securities are the securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates include fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. Its structured Agency RMBS consists of collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities, among other types of structured Agency RMBS.