UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 10, 2021
Orchid Island Capital, Inc.
(Exact Name of Registrant as Specified in Charter)
Maryland
001-35236
27-3269228
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
3305 Flamingo Drive
,
Vero Beach
,
Florida
32963
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code
(
772
)
231-1400
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
☐
☐
☐
☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
Trading symbol:
Name of each exchange on which registered:
Common Stock, par value $0.01 per share
ORC
NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.
☐
ITEM 8.01. OTHER EVENTS.
On February 10, 2021, Orchid Island Capital, Inc. (the “Company”) announced that the Board of Directors of the Company
declared a dividend for the month of February 2021 of $0.065 per share of the Company’s common stock to be paid on March
29, 2021 to holders of record on February 26, 2021, with an ex-dividend date of February 25, 2021. In addition, the Company
announced certain details of its RMBS portfolio as of January 31, 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 and anticipated borrowings. 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.
(d) Exhibits
Exhibit No.
Description
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Date: February 10, 2021
By:
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer