ITEM 2.02. Results of Operations and Financial Condition.
On April 28, 2022, Orchid Island Capital, Inc. (the “Company”) issued the press release
attached hereto as Exhibit 99.1
announcing the Company’s results of
operations for the period ended March 31, 2022. In addition, the Company posted
supplemental financial information on the investor relations section of its website (https://ir.orchidislandcapital.com).
The
press release, attached as Exhibit 99.1, is being furnished under this “Item
2.02 Results of Operations and Financial
Condition,” and shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference in any disclosure document of the Company,
except as shall be expressly set forth by
specific reference in such document.
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 regarding interest
rates, liquidity,
pledging
of our
structured
RMBS, funding
levels and
spreads, prepayment
speeds,
portfolio
positioning
and repositioning,
hedging levels, dividends, growth,
the supply and demand
for Agency RMBS,
the effect of actual
or expected actions of
foreign
governments or of the
U.S. government, including the Federal
Reserve, market expectations, future opportunities
and prospects
of the Company,
the stock repurchase program and general economic conditions
.
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 Annual Report on Form
10-K for the fiscal year
ended December 31, 2021, which
has been filed with the
Securities
and
Exchange
Commission
(the
“SEC”),
and
other
documents
that
the
Company
files
with
the
SEC.
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.
Exhibit No.
Description
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)