ITEM 2.02.
RESULTS OF OPERATIONS
AND FINANCIAL CONDITION.
On October 14, 2020, Orchid Island Capital, Inc. (the
“Company”) announced its preliminary book value of $5.44 per share
as of
September 30, 2020, certain details of its RMBS portfolio as of
September 30, 2020, and preliminary net income of
$0.42 per share and preliminary realized and unrealized
gains of $0.09 per share for the quarter ended September
30, 2020.
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.
On October 14, 2020, the Company announced
that the Board of Directors of the Company
declared a dividend for the month
of October 2020 of
$0.065 per share to
be paid on November
25, 2020 to holders
of record on October
30, 2020, with an
ex-
dividend date of October 29, 2020. In addition, the Company announced certain details of its RMBS portfolio as of September
30, 2020 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. 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 most recent Annual Report
on Form 10-K for the fiscal
year ended December 31, 2019 and Quarterly Report on Form 10-Q for the three months ended March 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
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