ITEM 2.02.
RESULTS OF OPERATIONS
AND FINANCIAL CONDITION.
On July 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 June 30, 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 within the meaning of the Private Securities Litigation
Reform Act of 1995 and
other federal securities laws,
including, but not limited to,
statements regarding interest rates, liquidity,
inflation, 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 asset purchases
by the Federal
Reserve, market
expectations, future
dividends, the
stock repurchase
program and
general economic
conditions. Thes
e
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, 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 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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