Orchid Island Capital Announces August 2026 Monthly Dividend and July 31, 2026 RMBS Portfolio Characteristics

• August 2026 Monthly Dividend of $0.10 Per Share of Common Stock
  
• RMBS Portfolio Characteristics as of July 31, 2026
  
• Next Dividend Announcement Expected September 14, 2026
  
  

VERO BEACH, Fla., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of August 2026. The dividend of $0.10 per share will be paid September 29, 2026 to holders of record of the Company’s common stock on August 31, 2026, with an ex-dividend date of August 31, 2026. The Company plans on announcing its next common stock dividend on September 14, 2026.

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 (“REIT”), 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 August 12, 2026, the Company had 198,807,315 shares of common stock outstanding. As of July 31, 2026 and June 30, 2026, the Company had 199,603,438 shares of common stock outstanding.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of July 31, 2026 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate:

• 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’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s 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 “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

 RMBS Valuation Characteristics
($ in thousands)
                                     Realized
                                     Realized
 May-26 -
                                     Jul-26
 Jul-26
                     Net
         Weighted
 CPR
 CPR
                     Weighted
         Average
 (1-Month)
 (3-Month)
 Modeled Interest
  Current
 Fair
 % of
 Current
 Average
         Maturity
 (Reported
 (Reported
 Rate Sensitivity (1)
Type Face
 Value
 Portfolio
 Price
 Coupon
 GWAC
 Age
 (Months)
 in August)
 in August)
 (-50 BPS)
 (+50 BPS)
Fixed Rate RMBS                                                30yr 3.0 $312,853  $270,606   2.40%  86.50   3.00%  3.52%  63   289   7.7%  7.8% $8,213  $(8,392)30yr 3.5  37,004   32,967   0.29%  89.09   3.50%  4.30%  82   258   18.7%  9.8%  984   (1,004)30yr 4.0  46,981   43,623   0.39%  92.85   4.00%  4.77%  86   269   5.0%  8.9%  1,170   (1,208)30yr 4.5  433,292   409,559   3.64%  94.52   4.50%  5.45%  31   325   6.3%  7.1%  9,704   (10,563)30yr 5.0  2,152,263   2,085,963   18.53%  96.92   5.00%  6.00%  14   342   3.8%  4.7%  45,443   (50,881)30yr 5.5  4,003,371   3,992,152   35.46%  99.72   5.50%  6.45%  14   342   6.7%  6.8%  73,647   (85,471)30yr 6.0  3,017,573   3,075,322   27.31%  101.91   6.00%  6.92%  19   335   10.8%  12.4%  42,799   (52,804)30yr 6.5  1,233,441   1,282,240   11.39%  103.96   6.50%  7.39%  21   333   20.5%  21.2%  13,265   (17,237)30yr 7.0  51,728   54,548   0.48%  105.45   7.00%  7.92%  32   321   49.5%  37.3%  585   (719)Total Pass-Through RMBS  11,288,506   11,246,980   99.90%  99.63   5.53%  6.47%  19   336   9.0%  9.8%  195,810   (228,279)Total Structured RMBS  81,391   11,814   0.10%  14.52   3.38%  4.59%  140   203   10.2%  8.0%  (36)  27 Total Mortgage Assets $11,369,897  $11,258,794   100.00%      5.52%  6.45%  20   336   9.0%  9.8% $195,774  $(228,252)

     Hedge
 Modeled Interest
  Notional
 Period
 Rate Sensitivity (1)
Hedge Balance
 End
 (-50 BPS)
 (+50 BPS)
3-Month SOFR Futures $(390,000) Jan-27  $(1,706) $1,706 10-Year Treasury Future(2)  (358,600) May-33   (11,329)  10,940 10-Year Ultra Treasury Future(3)  (60,000) Feb-36   (2,579)  2,464 ERIS SOFR Swap Futures  (10,000) Sep-31   (177)  173 Swaps  (7,814,200) Feb-31   (155,486)  150,459 Swaptions  (1,000,000) Dec-31   (3,968)  6,385 TBA Short  (344,900) Aug-26   (6,231)  7,480 Hedge Total $(9,977,700)    $(181,476) $179,607 Rate Shock Grand Total        $14,298  $(48,645)

(1) Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.(2) Ten-year Treasury futures contracts were valued at prices of $108.00 at July 31, 2026. The market value of the short position was $387.3 million.(3) Ten-year Ultra Treasury futures contracts were valued at prices of $109.70 at July 31, 2026. The market value of the short position was $65.8 million.   

  

RMBS Assets by Agency
($ in thousands)
      Percentage
  Fair
 of
Asset Category Value
 Portfolio
As of July 31, 2026        Fannie Mae $5,873,581   52.2%Freddie Mac  5,385,213   47.8%Total Mortgage Assets $11,258,794   100.0%

Investment Company Act of 1940 Whole Pool Test
($ in thousands)
      Percentage
  Fair
 of
Asset Category Value
 Portfolio
As of July 31, 2026        Non-Whole Pool Assets $559,519   5.0%Whole Pool Assets  10,699,275   95.0%Total Mortgage Assets $11,258,794   100.0%

Borrowings By Counterparty
($ in thousands)
          Weighted
 Weighted
        % of
 Average
 Average
    Total
 Total
 Repo
 Maturity
 LongestAs of July 31, 2026 Borrowings
 Debt
 Rate
 in Days
 MaturityWells Fargo Securities, LLC $556,368   5.1%  3.79%  8  8/19/2026StoneX Financial Inc.  486,043   4.5%  3.79%  47  9/23/2026Hidden Road Partners Civ US LLC  484,353   4.4%  3.76%  27  9/10/2026Citigroup Global Markets Inc  480,218   4.4%  3.79%  16  9/21/2026Marex Capital Markets Inc.  476,931   4.4%  3.77%  21  8/24/2026ASL Capital Markets Inc.  472,828   4.3%  3.77%  26  9/21/2026ABN AMRO Bank N.V.  467,180   4.3%  3.80%  24  8/27/2026South Street Securities, LLC  458,067   4.2%  3.82%  37  11/13/2026The Bank of Nova Scotia  448,480   4.1%  3.78%  19  8/21/2026J.P. Morgan Securities LLC  440,027   4.0%  3.78%  3  8/3/2026DV Securities, LLC Repo  422,084   3.9%  3.78%  23  8/27/2026RBC Capital Markets, LLC  420,109   3.9%  3.78%  28  8/28/2026Cantor Fitzgerald & Co  416,796   3.8%  3.77%  31  8/31/2026Daiwa Securities America Inc.  407,688   3.7%  3.81%  36  9/23/2026Banco Santander SA  402,148   3.7%  3.85%  74  10/13/2026Clear Street LLC  398,804   3.7%  3.77%  17  8/20/2026Goldman, Sachs & Co  387,203   3.6%  3.86%  27  8/27/2026ING Financial Markets LLC  354,967   3.3%  3.78%  13  8/13/2026TD Securities (USA) LLC  322,849   3.0%  3.78%  17  8/31/2026Bank of Montreal  315,562   2.9%  3.82%  14  8/14/2026Mirae Asset Securities (USA) Inc.  296,148   2.7%  3.79%  23  8/24/2026Brean Capital, LLC  295,238   2.7%  3.77%  21  8/31/2026MUFG Securities Canada, Ltd.  268,410   2.5%  3.76%  5  8/10/2026Morgan Stanley & Co. LLC  257,017   2.4%  3.79%  8  8/10/2026Mitsubishi UFJ Securities (USA), Inc.  235,060   2.2%  3.79%  21  8/21/2026Nomura Securities International, Inc.  210,960   1.9%  3.76%  14  8/14/2026Mizuho Securities USA LLC  179,143   1.6%  3.80%  12  8/12/2026Natixis, New York Branch  136,113   1.2%  3.82%  17  8/21/2026BNP Paribas Securities Corp.  134,744   1.2%  3.78%  10  8/10/2026Merrill Lynch, Pierce, Fenner & Smith  134,563   1.2%  3.80%  31  8/31/2026Mesirow Financial, Inc.  84,266   0.8%  3.79%  16  8/31/2026Lucid Prime Fund, LLC  30,082   0.3%  3.79%  13  8/13/2026Canyon Partners, LLC  23,512   0.2%  3.74%  14  8/14/2026Total Borrowings $10,903,961   100.0%  3.79%  23  11/13/2026