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.
“Company”) issued the press release attached hereto as Exhibit
99.1 announcing the Company’s results of operations for the
period ended December 31, 2016. The information furnished under
this “Item 2.02 Results of Operations and Financial Condition,”
including the exhibit 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.
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, 2015, 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.
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Exhibit No.
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Description
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99.1
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Press Release dated February 16, 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 +0.02 at 12.39 with 882,013 shares trading hands.
