Orchid Island Capital declares $0.16 monthly dividend, estimates book value up 5-10% to $11.95-$12.05

Orchid Island Capital, Inc.

December 2022 dividend of $0.16 per share payable Jan 27, 2023 to holders of record Dec 30, 2022.
Estimated book value per share as of Dec 9, 2022: $11.95-$12.05, up from $11.42 at Sep 30, 2022.
Share count increased to 37,307,255 as of Nov 30, 2022 vs 35,066,251 at Sep 30, 2022.
RMBS portfolio characteristics as of Nov 30, 2022 published; next dividend announcement expected Jan 11, 2023.
Bylaws amended to comply with SEC universal proxy Rule 14a-19 (procedural, no financial impact).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Orchid Island Capital, Inc.: Approved and adopted Amended and Restated Bylaws to update provisions relating to stockholder meetings to ensure compliance with federal proxy rules, including Rule 14a-19 (effective 2022-12-13).

Change: bylaw amendment
Effective: 2022-12-13

Exact text from the filing

On December 13, 2022, the Board of Directors (the “Board”) of Orchid Island Capital, Inc. (the “Company”) approved and adopted the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”) to update provisions relating to stockholder meetings to ensure compliance with federal proxy rules, including Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Amended and Restated Bylaws became effective upon adoption by the Board.

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Orchid Island Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001518621-22-000117

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