Orchid Island Capital Alerts Stockholders to Dividend Payment Issue
September 29 2022 - 1:05PM
Business Wire
Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) has
become aware of an issue with stockholders of record of the
Company’s common stock on August 31, 2022 not receiving the full
monthly cash dividend for the month of August 2022 of $0.16 per
share that should have been paid on September 28, 2022. The Company
fully funded this $0.16 per share dividend by making payment to its
transfer agent prior to September 28, 2022. The Company understands
that an inadvertent administrative error at DTC resulted in brokers
not receiving the full amount of the dividend. The Company is
working to resolve this issue as soon as possible.
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. is a specialty finance company that
invests on a leveraged basis in Agency RMBS. Our investment
strategy focuses on, and our portfolio consists of, two categories
of Agency RMBS: (i) traditional pass-through Agency RMBS, such as
mortgage pass-through certificates and collateralized mortgage
obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and
(ii) structured Agency RMBS. The Company is managed by Bimini
Advisors, LLC, a registered investment adviser with the Securities
and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other federal securities laws. These forward-looking statements
include, but are not limited to, statements about the Company’s
dividends. These forward-looking statements are based upon Orchid
Island Capital, Inc.’s present expectations, but these statements
are not guaranteed to occur. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220929005814/en/
Orchid Island Capital, Inc. Robert E. Cauley Telephone: (772)
231-1400
Orchid Island Capital (NYSE:ORC)
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