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Orchid Island Capital Announces Estimated Second Quarter 2025 Results, July 2025 Monthly Dividend and June 30, 2025 RMBS Portfolio Characteristics

• July 2025听Monthly Dividend of $0.12听Per Share of Common Stock
• Estimated Book Value Per Share as of听June 30, 2025听of $7.21
• Estimated GAAP net loss听of $0.29听per share for the quarter ended听June 30, 2025, including an estimated $0.45听per share of net realized and unrealized听losses听on RMBS and derivative instruments
• Estimated听(4.7)%听total return on equity for the quarter ended听June 30, 2025
• Estimated book value, net loss听and total return on equity amounts are preliminary, subject to change,听and subject to review by the Company鈥檚 independent registered public accounting firm
• RMBS Portfolio Characteristics as of听June 30, 2025
• Next Dividend Announcement Expected听August 13, 2025

Vero Beach, Fla., July 09, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the 鈥淐ompany鈥�) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of July 2025. The dividend of $0.12听per share will be paid August 28, 2025听to holders of record of the Company鈥檚 common stock on July 31, 2025, with an ex-dividend date of听July 31, 2025. The Company plans on announcing its next common stock dividend on August 13, 2025.

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 (鈥淩EIT鈥�), 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 July 9, 2025, the Company had听126,715,437听shares of common stock outstanding. As of听June 30, 2025, the Company had听126,566,926听shares of common stock outstanding. As of March 31, 2025, the Company had听107,786,614 shares of common stock outstanding.

Estimated听June 30, 2025听Book Value Per Share

The Company鈥檚 estimated book value per share as of听June 30, 2025听was $7.21.听 The Company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares of common stock. At听June 30, 2025, the Company's preliminary estimated total stockholders' equity was approximately $912.0 million听with听126,566,926听shares of common stock outstanding. These figures and the resulting estimated book value per share are preliminary, subject to change, and subject to review by the Company鈥檚 independent registered public accounting firm.听

Estimated Net Loss听Per Share听and AG真人官方ized and Unrealized Losses on RMBS and Derivative Instruments

The Company estimates it generated a net loss听per share of $0.29听for the quarter ended听June 30, 2025,听which includes an estimated $0.45听per share听of net realized and unrealized听losses on RMBS and derivative instruments.听These amounts compare to total dividends declared during the quarter of $0.36听per share.听Net听loss听per common share calculated under generally accepted accounting principles can, and does, differ from our REIT taxable income.听 The Company views REIT taxable income as a better indication of income to be paid in the form of a dividend rather than net income. Many components of REIT taxable income can only be estimated at this time and our monthly dividends declared are based on both estimates of REIT taxable income to be earned over the course of the current quarter and calendar year and a longer-term estimate of the REIT taxable income of the Company. These figures are preliminary, subject to change, and subject to review by the Company鈥檚 independent registered public accounting firm.听

Estimated Total Return on Equity

The Company鈥檚 estimated total return on equity for the quarter ended听June 30, 2025听was听(4.7)%. The Company calculates total return on equity as the sum of dividends declared and paid during the quarter plus changes in book value during the quarter, divided by the Company鈥檚 stockholders鈥� equity at the beginning of the quarter.听 The total return was $(0.37)听per share, comprised of dividends per share of $0.36听and a decrease in book value per share of $(0.73)听from March 31, 2025.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of听June 30, 2025听are presented below.听These figures are preliminary and subject to change and, with respect to figures that will appear in the Company鈥檚 financial statements and associated footnotes as of and for the quarter ended听June 30, 2025, are subject to review by the Company鈥檚 independent registered public accounting firm:

• RMBS Valuation Characteristics
• RMBS Assets by Agency
• Investment Company Act of 1940 (Whole Pool) Test Results
• Repurchase Agreement Exposure by Counterparty
• RMBS 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鈥檚 distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.鈥檚 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 鈥淩isk Factors鈥� section of the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

Contact:

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