secwatch.observer — SEC 8-K summary
======================================

Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001437749-24-019950
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orchid Island Capital announces $250M ATM equity program, $0.12 dividend, board election
--------------------------------------------------------------------------------

- Entered $250M at-the-market equity distribution agreement with J.P. Morgan, Citizens JMP, JonesTrading; agents get up to 2% commission.
- Declared June 2024 dividend of $0.12/share, payable July 30 to holders of record June 28.
- Share count rose to 62.8M as of June 11 from 52.8M at March 31, reflecting prior ATM issuances.
- All six director nominees elected; BDO USA ratified as auditor; advisory say-on-pay approved.
- Disclosed RMBS portfolio characteristics as of May 31, 2024 (preliminary figures).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924019950/0001437749-24-019950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924019950/orc20240610_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-019950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer