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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):
March 17, 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 March
 
17, 2021,
 
Orchid Island
 
Capital, Inc.
 
(the “Company”)
 
announced that
 
the Board
 
of Directors
 
of the
 
Company
declared a dividend for the month of March 2021 of $0.065 per share of the Company’s
 
common stock to be paid on April 28,
2021 to holders of record
 
on March 31, 2021,
 
with an ex-dividend date of
 
March 30, 2021. In
 
addition, the Company announced
certain details of its RMBS
 
portfolio as of February
 
28, 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,
 
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
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: March 17, 2021
 
ORCHID ISLAND CAPITAL,
 
INC.
By:
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer