ITEM 2.02.
RESULTS OF OPERATIONS
AND FINANCIAL CONDITION.
On April 29, 2021, 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 March 31, 2021.
In addition, the Company posted
supplemental financial information on the investor relations
section of its website (https://ir.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,
portfolio performance,
pledging of
our structured
RMBS, funding levels
and spreads, prepayment
speeds, returns,
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, 20
20,
which has
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)
