Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company primarily engaged as a mortgage real estate investment trust (REIT). Its core activity is investing in residential mortgage-backed securities (RMBS), which are financial instruments backed by pools of single-family residential mortgage loans in the United States. The company's RMBS portfolio is composed of both traditional pass-through Agency RMBS—such as mortgage pass-through certificates and collateralized mortgage obligations—and structured Agency RMBS, including securities like interest-only, inverse interest-only, and principal-only instruments. Orchid Island Capital seeks to deliver attractive risk-adjusted total returns for its shareholders through a combination of capital appreciation and consistent monthly distributions. The company is externally managed by Bimini Advisors, LLC and aims to balance its portfolio allocations between different types of Agency RMBS based on market conditions and risk/reward profiles. Orchid Island Capital plays a role in connecting mortgage borrowers to global investors, providing liquidity to the residential housing market, and offering income-generating opportunities to institutional and individual investors.