Orchid Island Capital, Inc. (NYSE:ORC) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
announced its preliminary book value of $9.75 per share as of
March 31, 2017, certain details of its RMBS portfolio as of March
31, 2017, and preliminary net income of $0.07 per share and
preliminary realized and unrealized losses of $0.61 per share for
the quarter ended March 31, 2017. These figures and the estimated
net book value per share are preliminary, subject to change, and
subject to review by the Company’s independent registered public
accounting firm. A copy of the Company’s press release
announcing the dividend and the other information regarding the
Company is attached hereto as Exhibit 99.1 and incorporated
herein by this reference.
Directors of the Company declared a dividend for the month of
April 2017 of $0.14 per share to be paid on May 10, 2017 to
holders of record on April 28, 2017, with an ex-dividend date of
April 26, 2017. A copy of the Company’s press release announcing
the dividend and the other information regarding the Company is
attached hereto as Exhibit 99.1 and incorporated herein by this
reference.
statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and other federal securities laws.
These forward-looking statements are based upon the Company’s
present expectations, but the Company cannot assure investors
that actual results will not vary from the expectations contained
in the forward-looking statements. Investors should not place
undue reliance upon forward-looking statements. For further
discussion of the factors that could affect outcomes, please
refer to the “Risk Factors” section of the Company’s Form 10-K
for the year ended December 31, 2016. All forward-looking
statements speak only as of the date on which they are made. New
risks and uncertainties arise over time, and it is not possible
to predict those events or how they may affect the Company.
Except as required by law, the Company is not obligated to, and
does not intend to, update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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Exhibit No.
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Description
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99.1
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Press Release dated April 12, 2017
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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. Orchid Island Capital, Inc. (NYSE:ORC) Recent Trading Information
Orchid Island Capital, Inc. (NYSE:ORC) closed its last trading session up +0.21 at 10.46 with 465,248 shares trading hands.
