Orchid Island Capital, Inc. Provides Earnings Guidance for the Third Quarter Ended September 30, 2021
October 12, 2021 at 04:05 pm EDT
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Orchid Island Capital, Inc. provided earnings guidance for the third quarter of fiscal year 2021. For the year, the company expects to generate net income per share of $0.20, which includes $0.02 per share of net realized and unrealized losses on RMBS and derivative instruments.
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities RMBS. The Company's investment portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations (CMOs) issued by the government-sponsored enterprise (GSEs), and structured Agency RMBS, such as interest only securities (IOs), inverse interest only securities and principal only securities (POs), among other types of structured Agency RMBS. The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Company intends to achieve this objective by investing in and strategically allocating capital between pass-through Agency RMBS and structured Agency RMBS. The Company is externally managed by Bimini Advisors, LLC.
ORCHID ISLAND CAPITAL, INC. 
