Digital Media Net - Your Gateway To Digital media Creation. News and information on Digital Video, VR, Animation, Visual Effects, Mac Based media. Post Production, CAD, Sound and Music
Categories: News

Orchid Island Capital Alerts Stockholders to Dividend Payment Issue

VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) has become aware of an issue with stockholders of record of the Company’s common stock on August 31, 2022 not receiving the full monthly cash dividend for the month of August 2022 of $0.16 per share that should have been paid on September 28, 2022. The Company fully funded this $0.16 per share dividend by making payment to its transfer agent prior to September 28, 2022. The Company understands that an inadvertent administrative error at DTC resulted in brokers not receiving the full amount of the dividend. The Company is working to resolve this issue as soon as possible.

About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s dividends. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. 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.

Contacts

Orchid Island Capital, Inc.

Robert E. Cauley

Telephone: (772) 231-1400

Staff

Recent Posts

LIGHTSPEED STUDIOS Showcases Innovations in Game Development at GDC 2024

LIGHTSPEED STUDIOS outlines its commitment to pushing the boundaries of game development, sharing insights into…

2 hours ago

China Literature Announces 2023 Annual Results

HONG KONG, March 18, 2024 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company",…

2 hours ago

2024 Game Developers Conference Opens Today at San Francisco’s Moscone Convention Center

World’s Longest-Running Professional Game Industry Event Kicks off 38th Edition; Attendees Can Expect a Week…

9 hours ago

Spring Blossoms at the Macy’s Flower Show ®

Macy’s Flower Show featuring Christian Dior Parfums will engage and inspire the senses at Macy’s…

9 hours ago

2024 Unity Gaming Report Highlights Game Studios’ Continued Resilience As They Boldly Stretch Resources Amidst Shifting Market Forces

Developers Are Adapting With AI Adoption, Revenue Diversification, And Increased Multiplayer And Multiplatform Investment Unity…

9 hours ago

World’s First Total Knee Replacement Patient Treated with PolarisAR Breakthrough Mixed-Reality Surgical Guidance System

STELLAR Knee ushers in a new era of mixed-reality total joint arthroplastyMIAMI--(BUSINESS WIRE)--PolarisAR, a developer…

9 hours ago