ORC Orchid Island Capital
Filed: 29 Oct 20, 4:47pm
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 29, 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 29, 2020, Orchid Island Capital, Inc. (the“Company”) issued the press release attached hereto as Exhibit99.1
announcing the Company’sresults of operations for the period ended September 30, 2020.In addition, the Company posted
supplemental financial information on the investor relations sectionof its website (www.orchidislandcapital.com).The press
release, attached as Exhibit 99.1, is being furnished underthis “Item 2.02 Results of Operations and Financial Condition,”
and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any disclosure document ofthe Company, except as shall beexpressly set forth by specific
reference in such document.
Caution About Forward-Looking Statements.
This Current Reporton Form 8-Kcontains “forward-looking statements”made pursuant tothe safe harborprovisions of the
Private Securities LitigationReform Act of1995, including, butnot limited tostatements regarding interestrates, liquidity,
pledging ofour structuredRMBS, fundinglevels andspreads, prepaymentspeeds, returns,refinancing activity,portfolio
positioning andrepositioning, bookvalue, investmentand operatingstrategy, hedginglevels, thesupply anddemand for
Agency RMBS,the effectof actionsof theU.S. government,including theFederal 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 intoaccount all information currentlyavailable to the Company.The Company cannot assure you
that actual results will not vary from theexpectations contained in the forward-lookingstatements. All of the forward-looking
statements aresubject tonumerous possibleevents, factorsand conditions,many ofwhich arebeyond thecontrol ofthe
Company and not all of whichare known to the Company, including, without limitation, market conditionsand those described
in the Company’sAnnual Report on Form10-K for the fiscalyear ended December31, 2019 and QuarterlyReport on Form
10-Q for thethree months endedMarch 31, 2020,which have beenfiled with theSecurities and ExchangeCommission (the
“SEC”), and other documentsthat the Company fileswith the SEC. All forward-looking statements speak onlyas of the date
on which they are made. New risks and uncertaintiesarise over time, and it is not possible topredict those events or how they
may affect us. Except as requiredby 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 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 29, 2020
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer