ITEM 2.02. Results of Operations and Financial Condition.
On August 4, 2022, 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, 2022. 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, pledging of our
structured RMBS, funding
levels and spreads,
prepayment speeds,
portfolio positioning
and repositioning,
hedging levels, dividends,
growth, the supply and
demand for Agency
RMBS, the effect of
actual or expected actions
of the U.S.
government, including the Federal
Reserve, market expectations, future opportunities
and prospects of the Company,
the stock repurchase program and general
economic
conditions.
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,
2021, 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
Cover Page Interactive Data File (embedded within the Inline XBRL
document)
