This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Orchid Island Capital, Inc. Announces The Declaration Of The Monthly Dividend For April 2013 And Portfolio Summary As Of March 31, 2013

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 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 Form 10-K for the year ended December 31, 2012.

MBS Valuation Characteristics            
(in thousands of $s)
Asset Category Current Face Fair Value Current Price Percentage of Portfolio Weighted Average Coupon Realized Feb 2013 CPR (Reported in March)
As of March 31, 2013            
Adjustable Rate MBS 5,983 6,485 108.39 1.80% 4.20% 0.12%
7-1 Hybrid Rate MBS 24,171 25,357 104.91 7.04% 2.52% 1.13%
10-1 Hybrid Rate MBS 83,423 87,128 104.44 24.18% 2.65% 5.69%
Total Hybrid Adjustable Rate MBS 107,594 112,485 104.55 31.22% 2.62% 4.54%
10 Year Fixed Rate MBS 9,893 10,484 105.98 2.91% 3.00% 1.94%
15 Year Fixed Rate MBS 53,016 55,975 105.58 15.54% 3.05% 7.64%
20 Year Fixed Rate MBS 29,154 30,814 105.69 8.55% 3.25% 0.38%
30 Year Fixed Rate MBS 114,349 120,535 105.41 33.46% 3.40% 0.31%
Total Fixed Rate MBS 206,412 217,808 105.52 60.46% 3.27% 5.87%
Total Mortgage-backed Pass-through MBS 319,989 336,778 105.25 93.48% 3.07% 4.94%
Interest-Only Securities 167,102 21,141 12.65 5.87% 3.94% 20.58%
Inverse Interest-Only Securities 25,661 2,341 9.12 0.65% 6.15% 37.76%
Structured MBS 192,763 23,482 12.18 6.52% 4.16% 23.52%
Total Mortgage Assets 512,752 360,260   100.00% 3.14% 13.53%
     
MBS Assets by Agency   Investment Company Act of 1940 (Whole Pool) Test
(in thousands of $s)  
As of March 31, 2013 Fair Value Percentage of Portfolio   Fair Value Percentage of Portfolio
Fannie Mae 228,668 63.5%      
Freddie Mac 106,817 29.6% Whole Pool Assets 314,788 87.4%
Ginnie Mae 24,775 6.9% Non Whole Pool Assets 45,472 12.6%
Total Portfolio 360,260 100% Total Portfolio 360,260 100%
Repurchase Agreement Exposure By Counterparty    
(in thousands of $s)
As of March 31, 2013 Total Borrowings % Of Total Debt Weighted Average Maturity in Days Longest Maturity
Cantor Fitzgerald & Co 30,048 9.50% 8 4/19/2013
Citigroup Global Markets Inc 107,287 33.90% 21 4/25/2013
CRT Capital Group, LLC 45,277 14.31% 5 4/26/2013
KGS-Alpha Capital Markets, L.P 5,057 1.60% 4 4/1/2013
Mizuho Securities USA, Inc 15,464 4.89% 7 4/4/2013
Pierpont Securities, LLC 16,322 5.16% 85 6/21/2013
The PrinceRidge Group, LLC 35,928 11.35% 26 4/25/2013
South Street Securities, LLC 21,587 6.82% 9 4/19/2013
Suntrust Robinson Humphry, Inc 39,476 12.47% 22 4/19/2013
Total Borrowings 316,446 100% 20 6/21/2013
             
MBS Risk Measures            
(in thousands of $s)            
Asset Category Fair Value Weighted Average Months To Next Coupon Reset (if applicable) Weighted Average Lifetime Cap (if applicable) Weighted Average Periodic Cap Per Year (if applicable) Modeled Interest Rate Sensitivity  -50 BPS* Modeled Interest Rate Sensitivity +50 BPS*
As of March 31, 2013            
Adjustable Rate MBS 6,485 2 10.04% 2.00% 79 -87
Total Hybrid Adjustable Rate MBS 112,485 107 7.62% 2.00% 1,384 -2,308
Total Fixed Rate MBS 217,808 n/a n/a n/a 5,589 -6,220
Total Mortgage-backed Pass-through MBS 336,778 n/a n/a n/a 7,052 -8,614
Interest-Only Securities 21,141 n/a n/a n/a -2,374 2,451
Inverse Interest-Only Securities 2,341 1 6.35% n/a -189 277
Structured MBS 23,482 n/a n/a n/a -2,564 2,728
Total Mortgage Assets 360,260 n/a n/a n/a 4,488 -5,886
             
(in thousands) Notional Balance Hedge Period End Date      
Funding Hedge 250,000 Mar-18     -4,199 5,938
Grand Total         289 51
* Modeled results from Citigroup Global Markets, Inc. Yield Book.  * Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant LIBOR OAS.  
* These results are for illustrative purposes only and actual results may differ materially.    
CONTACT: Orchid Island Capital, Inc.
         Robert E. Cauley
         3305 Flamingo Drive, Vero Beach, Florida 32963
         Telephone: (772) 231-1400

Orchid Island Capital, Inc.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,048.52 +104.71 0.62%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs