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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):
April 28, 2022
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 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.
(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: April 28, 2022
 
ORCHID ISLAND CAPITAL,
 
INC.
By:
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer
Orchid Island Capital (NYSE:ORC)
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