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American Capital Agency Corp. Message Board

  • faaqcee faaqcee Apr 4, 2013 3:56 PM Flag

    OT: ORC

    "Orchid Island Capital"
    completed selling its ipo at 14.80 around Valentine's Day.
    It now is selling for 13.99.
    ORC is a monthly payer with a dividend of .135(11.58%).

    Does anyone have any thoughts regarding this new entity?

    I wonder if any Tolkianists are playing ORC,
    or are they waiting for BILB, FRO, GAND, or ENT?
    Hopefully no GOL or MOR!

    Semi-seriously though,
    anyone have better info on ORC(UP 1.66% today)?

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    • Foxy -

      Do you remember Bimini?

      From ORC's 10-K

      We were formed by Bimini Capital Management, Inc. (sometimes referred to herein as “Bimini”) in August 2010 and commenced operations on November 24, 2010. At December 31, 2012, Bimini was our sole stockholder. On February 14, 2013, we listed our common stock on the NYSE MKT and trade under the symbol “ORC.”


      Orchid Island Capital, Inc., a Maryland corporation (“Orchid,” the “Company,” “we” or “us”), is a specialty finance company that invests in Agency residential mortgage-backed securities (“RMBS”). Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS and (ii) structured Agency RMBS, such as CMOs, IOs, IIOs and POs, among other types of structured Agency RMBS.

19.71-0.17(-0.86%)Aug 26 4:00 PMEDT