ORC 8-K 2021-02-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM

8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

February 10, 2021

Orchid Island Capital, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland

001-35236

27-3269228

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3305 Flamingo Drive

Vero Beach

Florida

32963

(Address of Principal Executive Offices) (Zip

Code)

Registrant’s telephone number,

including area code

(

772

)

231-1400

N/A

(Former Name or Former Address, if Changed Since Last

Report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions:

☐

Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange

Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b)

under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e

-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the

Act:

Title of each class:

Trading symbol:

Name of each exchange on

which registered:

Common Stock, par value $0.01 per share

ORC

NYSE

Indicate by check mark whether the registrant is an emerging

growth company as defined in Rule 405 of the Securities Act of

1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities 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 the

extended transition period

for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the

Exchange

Act.

☐

ITEM 8.01.

OTHER EVENTS.

On February 10,

2021, Orchid Island

Capital, Inc. (the

“Company”) announced that

the Board of

Directors of the

Company

declared a dividend for the month of February 2021 of $0.065 per share of the Company’s

common stock to be paid on March

29, 2021 to holders of record on February

26, 2021, with an ex-dividend date of

February 25, 2021. In addition, the Company

announced certain

details of

its RMBS portfolio

as of

January 31,

2021 as

well as certain

other information

regarding the

Company.

A copy of the Company’s press release announcing the dividend and the other information regarding the

Company

is attached hereto as 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 Act

of 1995

and other

federal securities

laws, including,

but not

limited to,

statements about

the Company’s

distributions and expected funding of

purchased assets and anticipated borrowings.

These forward-looking statements are based

upon the Company’s

present expectations, but the

Company cannot assure investors

that actual results will

not vary from the

expectations contained

in the forward

-looking statements.

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 most recent

Annual Report on

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 which

they 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, and does not intend

to, update or revise any

forward-

looking statements, whether as a result of new information,

future events or otherwise.

ITEM 9.01. FINANCIAL STATEMENTS

AND EXHIBITS.

(d)

Exhibits

Exhibit No.

Description

99.1

Press Release dated February 10, 2021

104

Cover Page Interactive Data File (embedded within the

Inline XBRL

document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report

to be signed on

its behalf by the undersigned hereunto duly authorized.

Date: February 10, 2021

ORCHID ISLAND CAPITAL,

INC.

By:

/s/ Robert E. Cauley

Robert E. Cauley

Chairman and Chief Executive Officer