ORC Orchid Island Capital
Filed: 12 May 21, 8:00pm
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):
May 12, 2021
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 8.01.OTHER EVENTS.
On May 12, 2021, OrchidIsland Capital, Inc. (the “Company”)announced that the Board ofDirectors of the Company declared
a dividend forthe month ofMay 2021 of$0.065 per shareof the Company’scommon stock tobe paid onJune 28, 2021to
holders of recordon May 28,2021, with anex-dividend date ofMay 27, 2021.In addition, theCompany announced certain
details of its RMBS portfolio as ofApril 30, 2021 as well as certain other informationregarding the Company.A copy of the
Company’s pressrelease announcingthe dividendand theother informationregarding theCompany isattached heretoas
Exhibit 99.1 and incorporated herein by this reference.
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 andexpected fundingof purchasedassets. Theseforward-looking statementsare basedupon theCompany’s
present expectations, but the Company cannot assure investors that actual results will not vary from the expectations contained
in theforward-looking statements.Investors shouldnot placeundue relianceupon forwardlooking statements.For further
discussion of the factors that could affect outcomes, please refer to the “RiskFactors” section of the Company's Annual Report
on Form 10-K for the fiscalyear ended December 31, 2020.All forward-looking statements speak only as ofthe date on which
they are made. New risks and uncertainties arise over time, and itis not possible to predict those events or how they may affect
the Company. Except as required by law, the Company is notobligated to, and does not intendto, update or revise anyforward-
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: May 12, 2021
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer