Item 2.02.
Results of Operations and Financial Condition
On October 12, 2021, Orchid Island Capital, Inc. (the “Company”)
announced its estimated book value of $4.77 per share as
of September 30, 2021, certain details of its RMBS portfolio as of September 30,
2021, and estimated GAAP net income per
share of $0.20, including an estimated $0.02 per share of net realized and unrealized
losses, for the quarter ended September
30, 2021.
These figures and the estimated book value per share and estimated GAAP net income
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 reference.
On October 12, 2021, the Company announced that
the Board of Directors of the Company declared
a dividend for the month
of October 2021
of $0.065 per
share of the
Company’s common
stock to be paid
on November 26,
2021 to holders
of record
on October 29, 2021, with an ex-dividend date of October
28, 2021. In addition, the Company announced certain details of its
RMBS
portfolio
as
of
September
30,
2021
as
well
as
certain
other
information
regarding
the
Company.
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.
Caution About Forward-Looking Statements.
This Current Report on Form 8-K contains forward-looking statements within
the meaning of the Private Securities Litigation
Reform
Act
of
1995
and
other
federal
securities
laws,
including,
but
not
limited
to,
statements
about
the
Company’s
distributions
and
expected
funding
of
purchased
assets.
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
Annual Report
on Form 10-K for the
fiscal year ended December 31, 2020.
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.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
Description
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)