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2025-01-12 Source: Dazhong
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lucky cat black No. 21 Arizona State on the rise in Kenny Dillingham's second season as coachGameStop Discloses Third Quarter 2024 Results

The departure of the manager and director of football, following a string of poor performances and lackluster results on the pitch, was seen as a necessary but risky move. However, the manner in which it was executed and the lack of a clear plan for the future only added fuel to the fire. The decision to let go of experienced individuals without a solid replacement in mind has left Manchester United in a state of vulnerability, with fans questioning the motives behind such drastic actions.December 2024 Monthly Dividend of $0.12 Per Share of Common Stock RMBS Portfolio Characteristics as of November 30, 2024 Next Dividend Announcement Expected January 8, 2025 VERO BEACH, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") ORC announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of December 2024. The dividend of $0.12 per share will be paid January 30, 2025 to holders of record of the Company's common stock on December 31, 2024, with an ex-dividend date of December 31, 2024. The Company plans on announcing its next common stock dividend on January 8, 2025. The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust ("REIT"), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future. As of December 10, 2024 and November 30, 2024, the Company had 79,849,645 shares of common stock outstanding. As of September 30, 2024, the Company had 78,082,645 shares of common stock outstanding. RMBS Portfolio Characteristics Details of the RMBS portfolio as of November 30, 2024 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate: RMBS Valuation Characteristics RMBS Assets by Agency Investment Company Act of 1940 (Whole Pool) Test Results Repurchase Agreement Exposure by Counterparty RMBS Risk Measures About Orchid Island Capital, Inc. Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission. 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 include, but are not limited to, statements about the Company's distributions. 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2023. RMBS Valuation Characteristics ($ in thousands) Realized Realized Sep-24 - Nov-24 Nov-24 Net Weighted CPR CPR Weighted Average (1-Month) (3-Month) Modeled Interest Current Fair % of Current Average Maturity (Reported (Reported Rate Sensitivity (1) Type Face Value Portfolio Price Coupon GWAC Age (Months) in Dec) in Dec) (-50 BPS) (+50 BPS) Fixed Rate RMBS 15yr 5.0 TBA $ 50,000 $ 50,113 0.94 % 100.23 5.00 % 5.87 % 6 170 n/a n/a $ 651 $ (746 ) 15yr Total 50,000 50,113 0.94 % 100.23 5.00 % 5.87 % 6 170 n/a n/a 651 (746 ) 30yr 3.0 1,104,053 976,396 18.40 % 88.44 3.00 % 3.47 % 44 309 6.2 % 6.3 % 29,637 (29,960 ) 30yr 3.5 177,113 163,207 3.08 % 92.15 3.50 % 4.04 % 57 290 6.2 % 7.1 % 4,518 (4,564 ) 30yr 4.0 528,702 496,826 9.36 % 93.97 4.00 % 4.64 % 70 283 3.9 % 5.4 % 12,085 (12,898 ) 30yr 4.5 307,807 296,925 5.59 % 96.46 4.50 % 5.44 % 29 327 5.6 % 6.3 % 5,932 (6,512 ) 30yr 5.0 578,068 569,631 10.73 % 98.54 5.00 % 5.94 % 24 331 5.6 % 6.7 % 10,533 (11,985 ) 30yr 5.5 281,760 284,083 5.35 % 100.82 5.50 % 6.40 % 18 338 1.8 % 3.2 % 4,683 (5,579 ) 30yr 6.0 1,211,604 1,236,362 23.30 % 102.04 6.00 % 6.98 % 11 344 8.1 % 12.4 % 15,602 (19,624 ) 30yr 6.5 854,817 881,122 16.60 % 103.08 6.50 % 7.43 % 10 347 15.3 % 19.1 % 8,028 (10,523 ) 30yr 7.0 323,885 336,969 6.35 % 104.04 7.00 % 7.94 % 13 340 33.7 % 32.6 % 2,656 (3,356 ) 30yr Total 5,367,809 5,241,521 98.76 % 97.65 5.02 % 5.83 % 28 327 9.2 % 11.1 % 93,674 (105,001 ) Total Pass-Through MBS 5,417,809 5,291,634 99.71 % 97.67 5.02 % 5.83 % 28 325 9.2 % 11.1 % 94,325 (105,747 ) Structured MBS IO 20yr 4.0 7,135 680 0.01 % 9.53 4.00 % 4.57 % 155 79 9.6 % 10.0 % 4 (4 ) IO 30yr 3.0 2,608 311 0.01 % 11.94 3.00 % 3.64 % 118 231 0.7 % 9.7 % - (1 ) IO 30yr 4.0 72,153 13,445 0.25 % 18.63 4.00 % 4.60 % 123 228 5.1 % 6.2 % (131 ) 194 IO 30yr 4.5 3,155 583 0.01 % 18.49 4.50 % 4.99 % 173 174 6.7 % 7.3 % (4 ) 1 IO 30yr 5.0 1,703 346 0.01 % 20.33 5.00 % 5.37 % 173 174 14.2 % 8.8 % (6 ) 3 IO Total 86,754 15,365 0.29 % 17.71 4.01 % 4.60 % 128 213 5.6 % 6.7 % (137 ) 193 IIO 30yr 4.0 22,184 225 0.00 % 1.01 0.00 % 4.40 % 86 262 0.6 % 7.3 % (70 ) (122 ) Total Structured RMBS 108,938 15,590 0.29 % 14.31 3.19 % 4.56 % 120 223 4.6 % 6.8 % (207 ) 71 Total Mortgage Assets $ 5,526,747 $ 5,307,224 100.00 % 4.99 % 5.80 % 29 323 9.1 % 11.0 % $ 94,118 $ (105,676 ) Hedge Modeled Interest Notional Period Rate Sensitivity (1) Hedge Balance End (-50 BPS) (+50 BPS) 3-Month SOFR Futures(2) $ (455,900 ) Oct-25 $ (5,699 ) $ 5,699 5-Year Treasury Future(3) $ (62,500 ) Mar-25 $ (1,281 ) $ 1,252 10-Year Treasury Future(4) $ (22,500 ) Mar-25 $ (725 ) $ 711 10-Year Ultra Treasury Future(5) $ (32,500 ) Mar-25 $ (1,484 ) $ 1,413 Swaps (3,516,800 ) Jun-30 (86,811 ) 83,823 TBA (200,000 ) Dec-24 (5,687 ) 5,862 Hedge Total $ (4,290,200 ) $ (101,687 ) $ 98,760 Rate Shock Grand Total $ (7,569 ) $ (6,916 ) (1 ) Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially. (2 ) Amounts for SOFR futures contracts represents the average quarterly notional amount. (3 ) Five-year Treasury futures contracts were valued at prices of $107.60 at November 30, 2024. The market value of the short position was $67.3 million. (4 ) Ten-year Treasury futures contracts were valued at prices of $111.19 at November 30, 2024. The market value of the short position was $25.0 million. (5 ) Ten-year Ultra Treasury futures contracts were valued at prices of $114.80 at November 30, 2024. The market value of the short position was $37.3 million. RMBS Assets by Agency ($ in thousands) Percentage Fair of Asset Category Value Portfolio As of November 30, 2024 Fannie Mae $ 3,709,848 69.9 % Freddie Mac 1,597,376 30.1 % Total Mortgage Assets $ 5,307,224 100.0 % Investment Company Act of 1940 Whole Pool Test ($ in thousands) Percentage Fair of Asset Category Value Portfolio As of November 30, 2024 Non-Whole Pool Assets $ 207,178 3.9 % Whole Pool Assets 5,100,046 96.1 % Total Mortgage Assets $ 5,307,224 100.0 % Borrowings By Counterparty ($ in thousands) Weighted Weighted % of Average Average Total Total Repo Maturity Longest As of November 30, 2024 Borrowings Debt Rate in Days Maturity Merrill Lynch, Pierce, Fenner & Smith $ 363,741 7.3 % 4.79 % 18 12/23/2024 ABN AMRO Bank N.V. 339,329 6.8 % 4.75 % 16 12/16/2024 ASL Capital Markets Inc. 303,988 6.1 % 4.77 % 14 12/16/2024 Cantor Fitzgerald & Co 257,867 5.2 % 4.80 % 9 12/9/2024 DV Securities, LLC Repo 254,866 5.1 % 4.77 % 19 12/26/2024 Mitsubishi UFJ Securities (USA), Inc 251,062 5.0 % 4.79 % 20 12/23/2024 J.P. Morgan Securities LLC 241,736 4.8 % 4.82 % 9 12/26/2024 Daiwa Securities America Inc. 237,672 4.8 % 4.77 % 23 12/23/2024 Goldman, Sachs & Co 235,394 4.7 % 4.79 % 19 12/23/2024 Citigroup Global Markets Inc 232,657 4.7 % 4.77 % 26 12/26/2024 Wells Fargo Bank, N.A. 228,473 4.6 % 4.76 % 48 1/17/2025 Banco Santander SA 219,810 4.4 % 4.78 % 18 12/18/2024 ING Financial Markets LLC 217,067 4.4 % 4.82 % 19 12/19/2024 Marex Capital Markets Inc. 215,013 4.3 % 4.75 % 19 12/19/2024 RBC Capital Markets, LLC 206,603 4.1 % 4.81 % 26 1/21/2025 Bank of Montreal 195,180 3.9 % 4.81 % 12 12/12/2024 South Street Securities, LLC 186,535 3.7 % 4.85 % 29 1/24/2025 Mirae Asset Securities (USA) Inc. 177,867 3.6 % 4.76 % 170 5/19/2025 Clear Street LLC 166,849 3.3 % 4.78 % 12 12/12/2024 StoneX Financial Inc. 153,466 3.1 % 4.75 % 19 12/19/2024 The Bank of Nova Scotia 145,151 2.9 % 4.80 % 16 12/16/2024 Nomura Securities International, Inc. 73,140 1.5 % 4.90 % 16 12/16/2024 Lucid Prime Fund, LLC 61,924 1.2 % 4.79 % 12 12/12/2024 Wells Fargo Securities, LLC 22,686 0.5 % 4.88 % 54 1/23/2025 Total Borrowings $ 4,988,076 100.0 % 4.79 % 25 5/19/2025 Contact: Orchid Island Capital, Inc. Robert E. Cauley 3305 Flamingo Drive, Vero Beach, Florida 32963 Telephone: (772) 231-1400 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.As governments navigate the complexities of economic recovery and strive to build back better from the pandemic, a comprehensive and forward-thinking approach to consumption-boosting policies is paramount. By embracing innovation, sustainability, and collaboration, policymakers can create an enabling environment for consumer-driven growth, unleash market potential, and foster a resilient and thriving economy.



As we reflect on China's economic achievements in 2024, it is evident that the country's commitment to real action and tangible results has been the driving force behind its success. By prioritizing innovation, sustainability, and infrastructure development, China has managed to propel its economy towards higher levels of growth and prosperity. Looking ahead, it is essential for China to continue its efforts in promoting genuine progress and sustainable development, ensuring that the benefits of economic growth are shared by all segments of society.Without Jalen Hurts at QB, Eagles bid to wrap up NFC East vs. Cowboys

Gainers Alaska Air Gr ALK shares increased by 12.6% to $61.0 during Tuesday's pre-market session. The company's market cap stands at $7.7 billion. Jet AI JTAI shares increased by 11.76% to $4.75. The company's market cap stands at $3.9 million. Byrna Technologies BYRN shares moved upwards by 10.66% to $20.94. The market value of their outstanding shares is at $476.4 million. Bridger Aerospace Gr BAER shares increased by 9.4% to $2.67. The market value of their outstanding shares is at $144.2 million. Volato Group SOAR shares moved upwards by 8.95% to $0.29. The company's market cap stands at $8.6 million. SolarMax Technology SMXT stock increased by 8.26% to $2.23. The market value of their outstanding shares is at $100.9 million. Losers Momentus MNTS shares decreased by 17.4% to $0.47 during Tuesday's pre-market session. The company's market cap stands at $11.8 million. WANG & LEE Group WLGS shares declined by 15.33% to $3.15. The company's market cap stands at $47.5 million. Galaxy Payroll Group GLXG stock fell 12.18% to $1.01. The company's market cap stands at $18.1 million. Fluence Energy FLNC shares decreased by 12.1% to $16.28. The market value of their outstanding shares is at $2.1 billion. Planet Labs PL stock fell 11.89% to $3.56. The market value of their outstanding shares is at $1.0 billion. The company's, Q3 earnings came out yesterday. Satellogic SATL shares fell 11.4% to $4.2. The company's market cap stands at $380.4 million. See Also: www.benzinga.com/money/best-industrials-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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