Orchid Island Capital Inc

Orchid Island Capital Inc. a specialty finance company invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities inverse interest only securities and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders if it annually distributes dividends equal to at least 90% of its REIT taxable income to its stockholders. Orchid Island Capital Inc. was incorporated in 2010 and is headquartered in Vero Beach Florida.