Bimini Capital Management to Announce First Quarter 2018 Results
April 24 2018 - 12:00PM
Bimini Capital Management, Inc. (OTCBB:BMNM) ("Bimini” or the
"Company"), today announced that it will release results for the
first quarter of 2018 following the close of trading on the New
York Stock Exchange on Monday, May 7, 2018.
Earnings Conference Call Details
An earnings conference call and live audio webcast will be
hosted Tuesday, May 8, 2018, at 10:00 AM ET. The conference call
may be accessed by dialing toll free (877) 312-5414. International
callers dial (408) 940-3877. The conference passcode is 4663407. A
live audio webcast of the conference call can be accessed via the
investor relations section of the Company's website at
www.biminicapital.com, and an audio archive of the webcast will be
available until June 8, 2018.
About Bimini Capital Management, Inc.
Bimini Capital Management, Inc. is an asset manager
that invests primarily in residential mortgage-related securities
issued by the Federal National Mortgage Association (Fannie Mae),
the Federal Home Loan Mortgage Corporation (Freddie Mac) and the
Government National Mortgage Association (Ginnie Mae).
Through our wholly-owned subsidiary, Bimini
Advisors Holdings, LLC ("Bimini Advisors"), we serve as the
external manager of Orchid Island Capital, Inc. ("Orchid"). Orchid
is a publicly-traded real estate investment trust (NYSE:ORC).
Orchid is managed to earn returns on the spread between the yield
on its assets and its costs, including the interest expense on the
funds it borrows. As Orchid’s external manager, Bimini Advisors
receives management fees and expense reimbursements for managing
Orchid's investment portfolio and day-to-day operations.
Pursuant to the terms of the management agreement, Bimini Advisors
provides Orchid with its management team, including its officers,
along with appropriate support personnel. Bimini Advisors is at all
times subject to the supervision and oversight of Orchid's board of
directors and has only such functions and authority as are
delegated to it.
We also manage the portfolio of our wholly-owned
subsidiary, Royal Palm Capital, LLC (“Royal Palm”). Royal Palm is
managed with an investment strategy similar to that of
Orchid. Bimini Capital Management, Inc. and its subsidiaries
are headquartered in Vero Beach, Florida.
CONTACT:Bimini Capital Management, Inc.Robert E.
Cauley, 772-231-1400Chairman and Chief Executive
Officerwww.biminicapital.com
Orchid Island Capital (NYSE:ORC)
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