UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON,DC 20549

 

 

FORM

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

 

Securities Exchange Act of 1934

 

 

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Securities registered pursuant to Section 12(b) of theAct:

 

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Indicate by check mark whether the registrant is an emerginggrowth company as defined in Rule 405 of the Securities Act of

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ITEM 2.02.RESULTS OF OPERATIONSAND FINANCIAL CONDITION.

 

 

On October 14, 2020, Orchid Island Capital, Inc. (the“Company”) announced its preliminary book value of $5.44 per share

as ofSeptember 30, 2020, certain details of its RMBS portfolio as ofSeptember 30, 2020, and preliminary net income of

$0.42 per share and preliminary realized and unrealizedgains of $0.09 per share for the quarter ended September30, 2020.

These figures and the estimated net book value per shareare preliminary, subject to change,and subject to review by the

Company's independent registered public accountingfirm. A copy of the Company’spress release announcing the dividend

and the other information regarding the Company is attachedhereto as Exhibit 99.1 and incorporated herein by this reference.

 

 

ITEM 8.01.OTHER EVENTS.

 

 

On October 14, 2020, the Company announcedthat the Board of Directors of the Companydeclared a dividend for the month

of October 2020 of$0.065 per share tobe paid on November25, 2020 to holdersof record on October30, 2020, with anex-

dividend date of October 29, 2020. In addition, the Company announced certain details of its RMBS portfolio as of September

30, 2020 as well as certain other information regardingthe Company.A copy of the Company’s pressrelease announcing the

dividend and the otherinformation regarding the Companyis attached hereto asExhibit 99.1 and incorporatedherein 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. These forward-looking statements are based uponthe Company’s present expectations, but theCompany cannot

assure investors that actualresults will not varyfrom the expectations containedin the forward-looking statements.Investors

should notplace unduereliance uponforward lookingstatements. Forfurther discussionof thefactors thatcould affect

outcomes, please refer to the “Risk Factors” sectionof the Company's most recent Annual Reporton Form 10-K for the fiscal

year ended December 31, 2019 and Quarterly Report on Form 10-Q for the three months ended March 31, 2020.All forward-

looking statements speak only as of the date on whichthey are made. New risks and uncertainties arise over time,and it is not

possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated

to, anddoes notintend to,update orrevise anyforward-looking statements,whether asa result ofnew information,future

events or otherwise.

 

ITEM 9.01. FINANCIAL STATEMENTSAND EXHIBITS.

 

(d)Exhibits

 

Exhibit No.

Description

99.1

104

Cover Page Interactive Data File (embedded within theInline XBRL

document)

 

 

 

 

SIGNATURES

 

 

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 14, 2020

ORCHID ISLAND CAPITAL,INC.

By:

/s/ Robert E. Cauley

Robert E. Cauley

Chairman and Chief Executive Officer