About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. is a specialty finance company focused on investing in residential mortgage-backed securities (RMBS) within the United States. The company primarily deals with Agency RMBS, which are backed by single-family residential mortgage loans.
Investment Portfolio
The company's portfolio includes:
- Traditional pass-through Agency RMBS – Mortgage pass-through certificates and collateralized mortgage obligations.
- Structured Agency RMBS – Interest-only securities, inverse interest-only securities, and principal-only securities.
REIT Status & Tax Benefits
Orchid Island Capital has elected to be taxed as a real estate investment trust (REIT), allowing it to avoid corporate income tax on distributed earnings. To maintain this status, the company must distribute at least 90% of its REIT taxable income to shareholders annually.
Company Background
Founded in 2010, Orchid Island Capital, Inc. is headquartered in Vero Beach, Florida.