ITEM 2.02.
RESULTS OF OPERATIONS
AND FINANCIAL CONDITION.
On October 29, 2020, 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 September 30, 2020.
In addition, the Company posted
supplemental financial information on the investor relations section
of its website (www.orchidislandcapital.com).
The press
release, attached as Exhibit 99.1, is being furnished under
this “Item 2.02 Results of Operations and Financial Condition,”
and 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.
Caution About Forward-Looking Statements.
This Current Report
on Form 8-K
contains “forward-looking statements”
made pursuant to
the safe harbor
provisions of the
Private Securities Litigation
Reform Act of
1995, including, but
not limited to
statements regarding interest
rates, liquidity,
pledging of
our structured
RMBS, funding
levels and
spreads, prepayment
speeds, returns,
refinancing activity,
portfolio
positioning and
repositioning, book
value, investment
and operating
strategy, hedging
levels, the
supply and
demand for
Agency RMBS,
the effect
of actions
of the
U.S. government,
including the
Federal Reserve,
market expectations,
future
dividends, the stock repurchase program and general economic conditions. Forward-looking statements typically are identified
by use of 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, 2019 and Quarterly
Report on Form
10-Q for the
three months ended
March 31, 2020,
which have been
filed with the
Securities and Exchange
Commission (the
“SEC”), and other documents
that the Company files
with the SEC. 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.
Exhibit No.
Description
99.1
104
Cover Page Interactive Data File (embedded within the
Inline XBRL
document)
