On April 27, 2017, Orchid Island Capital, Inc. (the “Company”)
issued the press release attached hereto as Exhibit 99.1
announcing the Company’s results of operations for the period
ended March 31, 2016. In addition, the Company posted
supplemental financial information on the investor relations
section of its website (www.orchidislandcapital.com). A copy of
these materials is filed as Exhibit 99.2 to this report. The
press release is being furnished under this “Item 2.02 Results
of Operations and Financial Condition,” including Exhibit 99.1
related hereto, shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, nor shall it
be deemed incorporated by reference in any disclosure document of
the Company, except as shall be expressly set forth by specific
reference in such document.

Forward-Looking Statements Disclaimer

This Current Report on Form 8-K contains “forward-looking
statements” made to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including, but not
limited to statements regarding interest rates, net interest
income, net interest expense, liquidity, pledging of our
structured RMBS, funding levels and spreads, inflation,
prepayment speeds, portfolio positioning, market expectations and
general economic conditions. Forward-looking statements typically
are identified by use of the terms such as “believe,”
“expect,” “anticipate,” “estimate,” “plan,” “continue,”
“intend,” “should,” “may” or similar expressions.
Forward-looking statements are based on the Company’s beliefs,
assumptions and expectations of the Company’s future
performance, taking into account all information currently
available to the Company. The Company cannot assure you that
actual results will not vary from the expectations contained in
the forward-looking statements. All of the forward-looking
statements are subject to numerous possible events, factors and
conditions, many of which are beyond the control of the Company
and not all of which are known to the Company, including, without
limitation, market conditions and those described in the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2016, which has been filed with the Securities and
Exchange Commission. 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 us. 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.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits