Recent developments include multiple earnings call transcripts for Q4 2025 and Q1 2026, regular dividend reminders, and announcements regarding portfolio characteristics and share price movements.

• Orchid Island Capital announced estimated fourth quarter 2025 results and December 31, 2025 RMBS portfolio characteristics in January 2026 [N6].
• The company released Q4 2025 and Q1 2026 earnings call transcripts providing insights into financial performance and operations [N4][N2].
• Multiple ex-dividend reminders were issued throughout early 2026, indicating ongoing dividend distributions to shareholders [N3][N5][N7].
• Orchid Island Capital shares crossed above the 200-day moving average in December 2025, reflecting technical market activity [N8].
• A reminder was issued in June 2026 that Orchid Island Capital was going ex-dividend soon, highlighting continued shareholder return focus [N1].

The company benefits from its focus on Agency RMBS, which are generally considered lower credit risk due to government sponsorship. Its strong liquidity position and positive net income indicate operational stability. Regular dividend payments and transparent communication through earnings calls and public disclosures support investor confidence. Effective cybersecurity risk management and governance oversight help mitigate operational risks related to information security.

Risks include exposure to interest rate fluctuations and market conditions affecting RMBS valuations and returns. The company relies heavily on its Manager's information systems and cybersecurity processes, which could pose operational risks if compromised. The absence of detailed current financial metrics beyond cash and net income limits visibility into other financial aspects. Market competition and regulatory changes in the mortgage-backed securities sector could impact performance.

Orchid Island Capital's moat is derived from its specialized focus on Agency RMBS investments, which are backed by government-sponsored entities, providing a level of credit quality and market liquidity. The company's governance structure includes dedicated oversight of cybersecurity risks, which is critical given its reliance on third-party managers and information systems. Its established relationships with managers and access to RMBS markets support its investment operations. However, the company operates in a competitive and interest-rate sensitive sector, which may limit differentiation.

• Cybersecurity Risks: The company faces risks from cyber-incidents or deficiencies in cybersecurity, which could disrupt operations, compromise confidential information, or damage business relationships and reputation. Despite governance oversight, there is no assurance that cybersecurity measures will be fully effective.
• Market and Interest Rate Risks: As an investor in Agency RMBS, the company is exposed to interest rate fluctuations and market volatility that can affect the value and returns of its securities.
• Operational Dependence on Manager: The company relies on its Manager's information systems and cybersecurity risk management processes, which introduces operational risk if these systems or processes fail.

• Orchid Island Capital, Inc. primarily invests in Agency Residential Mortgage-Backed Securities (RMBS) backed by single-family residential mortgage loans.
• The company does not receive personal information on individual mortgage borrowers, focusing on securities rather than direct lending.
• Cybersecurity risk management is overseen by the Audit Committee and the full Board, with periodic reviews and reports from management and third-party security firms.
• The company relies on its Manager's information systems and cybersecurity risk management processes.
• As of June 30, 2026, the company reported cash and cash equivalents of $682.6 million and net income of $89.2 million for the quarter ending that date, with basic earnings per share of $0.44.
• There have been no material changes in risk factors since the 2025 Annual Report as of June 30, 2026.
• The company is not party to any material pending legal proceedings as of the latest filings.
• Recent public disclosures include multiple earnings call transcripts for Q4 2025 and Q1 2026, dividend reminders, and portfolio characteristic announcements.
• The company regularly announces ex-dividend dates and dividend-related information, indicating a focus on shareholder distributions.