ORC Orchid Island Capital
Filed: 14 Oct 20, 5:30pm
SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 14, 2020
Orchid Island Capital, Inc.
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of
(Commission File Number)
(IRS Employer Identification No.)
3305 Flamingo Drive
(Address of Principal Executive Offices) (ZipCode)
Registrant’s telephone number,including area code
(Former Name or Former Address, if Changed Since LastReport)
Check the appropriate box below if the Form 8-K filing is intendedto simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of theAct:
Title of each class:
Name of each exchange onwhich registered:
Common Stock, par value $0.01 per share
Indicate by check mark whether the registrant is an emerginggrowth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of theSecurities 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 theextended transition period
for complying with any new or revised financial accountingstandards provided pursuant to Section 13(a) of theExchange
ITEM 2.02.RESULTS OF OPERATIONSAND FINANCIAL CONDITION.
On October 14, 2020, Orchid Island Capital, Inc. (the“Company”) announced its preliminary book value of $5.44 per share
as ofSeptember 30, 2020, certain details of its RMBS portfolio as ofSeptember 30, 2020, and preliminary net income of
$0.42 per share and preliminary realized and unrealizedgains of $0.09 per share for the quarter ended September30, 2020.
These figures and the estimated net book value per shareare preliminary, subject to change,and subject to review by the
Company's independent registered public accountingfirm. A copy of the Company’spress release announcing the dividend
and the other information regarding the Company is attachedhereto as Exhibit 99.1 and incorporated herein by this reference.
ITEM 8.01.OTHER EVENTS.
On October 14, 2020, the Company announcedthat the Board of Directors of the Companydeclared a dividend for the month
of October 2020 of$0.065 per share tobe paid on November25, 2020 to holdersof record on October30, 2020, with anex-
dividend date of October 29, 2020. In addition, the Company announced certain details of its RMBS portfolio as of September
30, 2020 as well as certain other information regardingthe Company.A copy of the Company’s pressrelease announcing the
dividend and the otherinformation regarding the Companyis attached hereto asExhibit 99.1 and incorporatedherein by this
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 Actof 1995and otherfederal securitieslaws, including,but notlimited to,statements aboutthe Company’s
distributions. These forward-looking statements are based uponthe Company’s present expectations, but theCompany cannot
assure investors that actualresults will not varyfrom the expectations containedin the forward-looking statements.Investors
should notplace unduereliance uponforward lookingstatements. Forfurther discussionof thefactors thatcould affect
outcomes, please refer to the “Risk Factors” sectionof the Company's most recent Annual Reporton 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 whichthey 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, anddoes notintend to,update orrevise anyforward-looking statements,whether asa result ofnew information,future
events or otherwise.
ITEM 9.01. FINANCIAL STATEMENTSAND EXHIBITS.
Cover Page Interactive Data File (embedded within theInline XBRL
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this reportto be signed on
its behalf by the undersigned hereunto duly authorized.
Date: October 14, 2020
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer