Corporate Overview
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities on a leveraged basis. Income generated for distribution to our shareholders is based primarily on the difference between the yield on our mortgage assets and the cost of our borrowings. We operate to qualify to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes and generally will not be subject to U.S. federal corporate income tax to the extent that we currently distribute all of our REIT taxable income (as defined in the Code) to our stockholders. We intend to operate our business in a manner that permits us to maintain our exemption from registration under the Investment Company Act.
We are externally managed and advised by Bimini Advisors, LLC, a wholly-owned subsidiary of Bimini Capital Management, Inc. Our manager is an investment advisor registered with the Securities and Exchange Commission.