Bimini Capital Q2 2024 net loss $0.3M, book value $0.81/share

BIMINI CAPITAL MANAGEMENT, INC.

Net loss of $273,845 ($0.03 per share) for Q2 2024, vs net income of $285,507 in Q2 2023.
Advisory services revenue $3.2M, up 8% QoQ; interest and dividend income $1.5M.
MBS portfolio $86.4M; repurchase obligations $82.9M at weighted average rate 5.47%.
Net interest income after hedging $0.3M; mark-to-market losses of $0.3M on Orchid shares.
Book value per share unchanged at $0.81; total stockholders' equity $8.1M.

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