ITEM 2.02. RESULTS
OF OPERATIONS
AND FINANCIAL CONDITION.
On April 14, 2021
,
Orchid Island Capital, Inc.
(the “Company”) announced
its estimated book value
of $4.94 per share
as of
March 31, 2021,
certain details of its RMBS portfolio as of March
31, 2021,
and estimated GAAP net loss per share of
$0.34,
including an
estimated $0.60
per share
of net
realized and
unrealized losses,
for the
quarter ended
March 31,
2021. These
figures and the estimated net
book value per share and
estimated GAAP net loss 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 April 14, 2021, the Company announced
that the Board of Directors of the Company
declared a dividend for the month of
April 2021 of $0.065 per share of the Company’s
common stock to be paid on May 26, 2021 to
holders of record on April 30,
2021, with an ex-dividend
date of April 29,
2021. In addition, the
Company announced certain
details of its RMBS
portfolio
as of March
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. 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
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