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.