Item 2.02. Results of Operations and Financial Condition
On January 13,

2022, Orchid Island

Capital, Inc. (the

"Company") announced

its estimated book

value of $4.34

per share as
of December 31, 2021, certain details of its RMBS portfolio as of December 31,
2021, and estimated GAAP net loss per share
of $0.27, including an

estimated $0.49 per share

of net realized and

unrealized losses, for the

quarter ended December 31,

2021.
These figures and the

estimated book value per

share and estimated GAAP

net loss per share

are preliminary, subject to change,
and subject to review by the Company's

independent registered public accounting firm.



Item 8.01.

Other Events.
On January 13, 2022, the

Company announced that the Board of

Directors of the Company declared



a dividend for the month
of January 2022 of $0.055 per share of the Company's

common stock to be paid on February 24, 2022 to holders



of record on
January 31,

2022, with

an ex-dividend

date of

January 28,

2022.

In addition,

the Company

announced certain

details of

its
RMBS

portfolio

as

of

December

31,

2021

as

well

as

certain

other

information

regarding

the

Company.

A

copy

of

the
Company's

press

release

announcing

the

dividend

and

the

other

information

regarding

the

Company

is

attached

hereto

as

Exhibit 99.1 and incorporated herein by this reference. Caution About Forward-Looking Statements.

This Current Report on Form 8-K contains forward-looking statements within



the meaning of the Private Securities Litigation
Reform Act of

1995 and

other federal securities

laws, including, but

not limited to

statements about the

Company's distributions
and the

effect of

actual or

proposed actions

of the

Federal Reserve

and the

Federal Open

Market Committee

with respect

to
monetary policy or interest rates, timing with respect thereto, and the related
impact of those actual

or proposed actions on the
Company.

These forward-looking

statements are

based upon

the Company's

present expectations,

but the

Company cannot
assure investors that

actual results will

not vary from

the expectations contained

in the forward-looking

statements. 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,

2020.

All

forward-looking

statements

speak

only

as

of

the

date

on

which

they

are

made.

New

risks

and
uncertainties

arise over

time, and

it is

not possible

to predict

those events

or how

they may

affect

the Company.

Except as
required by

law,

the Company

is not

obligated to,

and does

not intend

to, update

or revise

any forward-looking

statements,

whether as a result of new information, future events or otherwise. Item 9.01. Financial Statements and Exhibits. (d)



Exhibits
Exhibit No.
Description
99.1
  Press Release dated January 13, 2022
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)

© Edgar Online, source Glimpses