VERO BEACH, Fla., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYS...


        
        
        
        
        

        






    



            







    
        
            December 09, 2025 17:29 ET
        

        
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                Orchid Island Capital, Inc.
            
                

        
    

    

    

    





        
        
        
            
            
December 2025 Monthly Dividend of $0.12 Per Share of Common StockRMBS Portfolio Characteristics as of November 30, 2025Next Dividend Announcement Expected January 7, 2026  VERO BEACH, Fla., Dec.  09, 2025  (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of December 2025. The dividend of $0.12 per share will be paid January 29, 2026 to holders of record of the Company’s common stock on December 31, 2025, with an ex-dividend date of December 31, 2025. The Company plans on announcing its next common stock dividend on January 7, 2026.  The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.  As of December 9, 2025, the Company had 179,058,553 shares of common stock outstanding. As of November 30, 2025, the Company had 174,548,004 shares of common stock outstanding. As of September 30, 2025, the Company had 148,239,401 shares of common stock outstanding.  RMBS Portfolio Characteristics  Details of the RMBS portfolio as of November 30, 2025 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate:  RMBS Valuation CharacteristicsRMBS Assets by AgencyInvestment Company Act of 1940 (Whole Pool) Test ResultsRepurchase Agreement Exposure by CounterpartyRMBS Risk Measures  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 distributions. 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, 2024. RMBS Valuation Characteristics ($ in thousands)                                                               Realized                            Realized  Sep-25 -                            Nov-25  Nov-25                  Net       Weighted CPR  CPR                  Weighted       Average (1-Month)  (3-Month)  Modeled Interest   Current Fair % of  Current Average       Maturity (Reported  (Reported  Rate Sensitivity (1) Type Face Value Portfolio  Price Coupon  GWAC  Age (Months) in Dec)  in Dec)  (-50 BPS)  (+50 BPS) Fixed Rate RMBS                                    15yr 4.5 TBA $250,000 $250,098 2.53%  100.04 4.50% 5.41% 4 174 n/a  n/a  $3,124  $(3,804)15yr Total  250,000  250,098 2.53%  100.04 4.50% 5.41% 4 174 n/a  n/a   3,124   (3,804)30yr 3.0 $820,289 $742,864 7.51%  90.56 3.00% 3.48% 57 295 6.4% 7.0% $21,460  $(21,533)30yr 3.5  159,755  150,291 1.52%  94.08 3.50% 4.04% 69 277 4.4% 6.6%  4,078   (4,105)30yr 4.0  153,143  147,527 1.49%  96.33 4.00% 4.70% 55 299 8.3% 9.3%  3,633   (3,821)30yr 4.5  272,878  269,110 2.72%  98.62 4.50% 5.44% 41 314 13.1% 11.3%  5,123   (5,844)30yr 5.0  758,505  762,519 7.71%  100.53 5.00% 5.98% 20 336 6.5% 7.8%  13,353   (16,297)30yr 5.5  2,630,409  2,691,634 27.23%  102.33 5.50% 6.46% 11 346 9.0% 9.1%  32,806   (45,296)30yr 6.0  2,978,967  3,084,196 31.20%  103.53 6.00% 6.93% 13 343 16.9% 15.3%  22,752   (35,370)30yr 6.5  1,462,319  1,530,870 15.49%  104.69 6.50% 7.39% 17 338 21.6% 21.3%  6,989   (11,266)30yr 7.0  230,369  242,648 2.45%  105.33 7.00% 7.95% 25 326 38.8% 34.4%  1,528   (1,797)30yr Total  9,466,634  9,621,659 97.33%  101.64 5.50% 6.39% 20 335 13.8% 13.8%  111,722   (145,329)Total Pass-Through RMBS  9,716,634  9,871,757 99.86%  101.60 5.48% 6.37% 20 331 13.8% 13.8%  114,846   (149,133)Structured RMBS                                    IO 20yr 4.0  5,481  442 0.00%  8.07 4.00% 4.57% 166 68 10.4% 11.2%  2   (2)IO 30yr 3.0  2,371  285 0.00%  12.00 3.00% 3.64% 130 220 26.1% 10.4%  (1)  (1)IO 30yr 4.0  63,973  11,863 0.12%  18.54 4.00% 4.60% 134 216 5.7% 9.7%  (286)  176 IO 30yr 4.5  2,799  508 0.01%  18.16 4.50% 4.99% 185 162 5.4% 7.9%  (5)  2 IO 30yr 5.0  1,448  300 0.00%  20.72 5.00% 5.37% 185 162 1.1% 11.4%  (5)  3 IO Total  76,072  13,398 0.14%  17.61 4.01% 4.59% 139 202 6.6% 9.8%  (295)  178 IIO 30yr 4.0  17,923  200 0.00%  1.12 0.00% 4.40% 98 250 0.7% 0.9%  117   (82)Total Structured RMBS  93,995  13,598 0.14%  14.47 3.24% 4.56% 132 212 5.5% 8.1%  (178)  96                                      Total Mortgage Assets $9,810,629 $9,885,355 100.00%    5.46% 6.35% 21 330 13.7% 13.8% $114,668  $(149,037)      Hedge Modeled Interest   Notional Period Rate Sensitivity (1) Hedge Balance End (-50 BPS)  (+50 BPS) 3-Month SOFR Futures $(390,000)Sep-26 $(3,087) $3,087 5-Year Treasury Future(2)  (562,500)May-30  (11,896)  11,631 10-Year Treasury Future(3)  (90,000)Nov-32  (2,989)  2,905 10-Year Ultra Treasury Future(4)  (60,000)Aug-35  (2,737)  2,624 5-Year ERIS SOFR Swap Futures  (10,000)Dec-30  (228)  221 Swaps  (4,433,300)Feb-31  (106,796)  103,367 TBA Short  (644,900)Dec-25  (5,994)  9,442 Hedge Total $(6,190,700)  $(133,727) $133,277 Rate Shock Grand Total      $(19,059) $(15,760)  (1)Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.(2)Five-year Treasury futures contracts were valued at prices of $109.77 at November 30, 2025. The market value of the short position was $617.4 million.(3)Ten-year Treasury futures contracts were valued at prices of $113.34 at November 30, 2025. The market value of the short position was $102.0 million.(4)Ten-year Ultra futures contracts were valued at prices of $116.20 at November 30, 2025. The market value of the short position was $69.7 million.  RMBS Assets by Agency        ($ in thousands)              Percentage   Fair  of Asset Category Value  Portfolio As of November 30, 2025        Fannie Mae $5,428,964   56.3%Freddie Mac  4,206,293   43.7%Total Mortgage Assets $9,635,257   100.0%  Investment Company Act of 1940 Whole Pool Test ($ in thousands)              Percentage   Fair  of Asset Category Value  Portfolio As of November 30, 2025        Non-Whole Pool Assets $644,016   6.7%Whole Pool Assets  8,991,241   93.3%Total Mortgage Assets $9,635,257   100.0%  Borrowings By Counterparty                 ($ in thousands)                           Weighted  Weighted        % of  Average  Average    Total  Total  Repo  Maturity LongestAs of November 30, 2025 Borrowings  Debt  Rate  in Days MaturityCitigroup Global Markets Inc $529,451   5.8%  4.08%  48 2/25/2026J.P. Morgan Securities LLC  502,011   5.5%  4.14%  21 12/24/2025Merrill Lynch, Pierce, Fenner & Smith  465,998   5.1%  4.17%  48 2/13/2026South Street Securities, LLC  423,391   4.7%  4.04%  147 11/13/2026Wells Fargo Securities, LLC  387,082   4.3%  4.14%  10 12/29/2025DV Securities, LLC Repo  381,437   4.2%  4.09%  43 2/20/2026Hidden Road Partners Civ US LLC  379,212   4.2%  4.11%  30 2/24/2026Daiwa Securities America Inc.  377,886   4.2%  4.10%  86 3/23/2026ASL Capital Markets Inc.  377,675   4.2%  4.16%  63 9/21/2026ABN AMRO Bank N.V.  368,418   4.1%  4.14%  41 1/26/2026Marex Capital Markets Inc.  367,575   4.1%  4.13%  41 1/23/2026StoneX Financial Inc.  365,735   4.0%  4.13%  21 12/22/2025The Bank of Nova Scotia  362,385   4.0%  4.13%  23 12/23/2025Clear Street LLC  350,740   3.9%  4.12%  14 12/18/2025Bank of Montreal  346,435   3.8%  4.10%  31 1/14/2026Goldman, Sachs & Co  327,932   3.6%  4.12%  28 12/29/2025Mirae Asset Securities (USA) Inc.  327,016   3.6%  4.12%  22 1/15/2026RBC Capital Markets, LLC  322,041   3.6%  4.09%  57 1/26/2026Banco Santander SA  315,820   3.5%  4.13%  27 2/13/2026Cantor Fitzgerald & Co  308,472   3.4%  4.09%  51 1/26/2026ING Financial Markets LLC  284,938   3.1%  4.07%  79 2/17/2026MUFG Securities Canada, Ltd.  251,521   2.8%  4.13%  5 12/5/2025Mitsubishi UFJ Securities (USA), Inc.  239,322   2.6%  4.13%  15 12/15/2025Nomura Securities International, Inc.  207,915   2.3%  4.16%  15 12/15/2025Mizuho Securities USA LLC  206,505   2.3%  4.09%  43 1/26/2026Brean Capital, LLC  149,905   1.7%  4.14%  11 12/11/2025Natixis, New York Branch  105,592   1.2%  4.20%  1 12/1/2025Lucid Prime Fund, LLC  33,925   0.4%  4.12%  11 12/11/2025Total Borrowings $9,066,335   100.0%  4.12%  41 11/13/2026 
            







        



    
        
        Contact Data
        
                        Contact:

Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400
            
        

    


        

        
        
        
    

Orchid Island Capital Announces December 2025 Monthly Dividend and November 30, 2025 RMBS Portfolio Characteristics

<article>
    <header>
        <h1>Orchid Island Capital (NYSE: ORC) Declares December 2025 Dividend and Releases RMBS Portfolio Update</h1>
        <time datetime="2025-12-09T17:29:00Z">December 9, 2025</time>
        <p>Source: GlobeNewsWire</p>
    </header>
    <section>
        <h2>Dividend Declaration for December 2025</h2>
        <p>Orchid Island Capital, Inc. (NYSE: ORC) announced today that its Board of Directors has declared a monthly cash dividend of <strong>$0.12 per share</strong> for December 2025. This dividend is scheduled to be paid on <strong>January 29, 2026</strong>, to shareholders on record as of <strong>December 31, 2025</strong>. The ex-dividend date is also set for December 31, 2025.</p>
    </section>
    <section>
        <h2>Future Dividend Announcements</h2>
        <p>The company intends to continue its trend of regular monthly cash distributions to common stockholders. The next announcement regarding dividends is anticipated on <strong>January 7, 2026</strong>.</p>
    </section>
    <section>
        <h2>Compliance with REIT Regulations</h2>
        <p>To maintain its status as a Real Estate Investment Trust (REIT), Orchid Island Capital must distribute at least <strong>90%</strong> of its REIT taxable income to shareholders. This calculation excludes net capital gains and is conducted without consideration of dividends paid. If income is not distributed as required, the company could face taxation on undistributed taxable income and potential excise taxes.</p>
    </section>
    <section>
        <h2>Current Share Counting</h2>
        <p>As of December 9, 2025, Orchid Island Capital had <strong>179,058,553 shares</strong> of common stock outstanding. This reflects an increase from <strong>174,548,004 shares</strong> at the end of November 2025, and <strong>148,239,401 shares</strong> as of September 30, 2025.</p>
    </section>
    <section>
        <h2>RMBS Portfolio Characteristics as of November 30, 2025</h2>
        <p>The company provided an update on its Residential Mortgage-Backed Securities (RMBS) portfolio as of November 30, 2025. The information released is considered preliminary and is subject to change. Key highlights include valuation characteristics and the performance of their RMBS assets.</p>
        <ul>
            <li>RMBS Valuation Characteristics</li>
            <li>RMBS Assets by Agency</li>
            <li>Investment Company Act of 1940 Test Results</li>
            <li>Repurchase Agreement Exposure by Counterparty</li>
            <li>RMBS Risk Measures</li>
        </ul>
    </section>
    <section>
        <h2>About Orchid Island Capital, Inc.</h2>
        <p>Orchid Island Capital, Inc. is a specialty finance company primarily engaged in leveraged investments in Agency RMBS. The company's portfolio strategy focuses on two main categories of Agency RMBS, which include:</p>
        <ul>
            <li>Traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac, or Ginnie Mae.</li>
            <li>Structured Agency RMBS.</li>
        </ul>
        <p>The firm's management is provided by Bimini Advisors, LLC, a registered investment adviser with the U.S. Securities and Exchange Commission.</p>
    </section>
    <section>
        <h2>Forward-Looking Statements</h2>
        <p>This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements reflect Orchid Island Capital, Inc.'s current expectations, which are subject to change and cannot be guaranteed. Investors are encouraged to refer to the "Risk Factors" section of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, to understand factors that could influence outcomes.</p>
    </section>
</article>

Orchid Island Capital declared a monthly dividend of $0.12 per share.
Next dividend announcement is expected on January 7, 2026.
181 million shares outstanding as of December 9, 2025.
Company aims for regular monthly cash distributions to stockholders.
REIT status requires 90% of taxable income to be distributed annually.

Orchid Island Capital Announces December 2025 Monthly Dividend and November 30, 2025 RMBS Portfolio Characteristics

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