Orchid Island Capital Announces March 2025 Monthly Dividend and February 28, 2025 RMBS Portfolio Characteristics

Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for March 2025, payable on April 29, 2025, to shareholders of record as of March 31, 2025 [1] - The company aims to make regular monthly cash distributions to its common stockholders, adhering to the REIT requirement of distributing at least 90% of its taxable income annually [2] - As of March 19, 2025, the company had 105,873,628 shares of common stock outstanding, an increase from 98,853,628 shares as of February 28, 2025 [3] RMBS Portfolio Characteristics - Orchid Island Capital focuses on investing in Agency RMBS, including traditional pass-through Agency RMBS and structured Agency RMBS [4] - The RMBS portfolio as of February 28, 2025, includes various fixed-rate mortgage-backed securities with a total fair value of$ 6,345,027,000 [11] - The portfolio is primarily composed of assets from Fannie Mae (69.1%) and Freddie Mac (30.9%) [11] RMBS Valuation Characteristics - The weighted average coupon for the total pass-through MBS portfolio is 5.26%, with a weighted average maturity of 23 months [6] - The portfolio's sensitivity to interest rate changes shows a modeled interest rate shock of -50 basis points resulting in a loss of $16,070,000 and a gain of$ 2,715,000 for +50 basis points [9] Borrowings and Counterparty Exposure - As of February 28, 2025, total borrowings amounted to $5,591,286,000, with an average interest rate of 4.45% [13] - Major counterparties include MUFG Securities Canada, Citigroup Global Markets, and RBC Capital Markets, with varying exposure percentages and maturity dates [13]