Apr. 24 at 4:16 PM
$ORC Orchid Island Capital outlines 15%-17% modeled return range while adding
$108M and lifting leverage to 7.9%
"All of these variables, stable interest rates, low swap yields and mortgage performance that's steady, all of these are very conducive for our business model" and "leaves us very bullish on the business model and levered MBS investing." (Chairman, President & CEO Cauley)
"We raised approximately
$108 million in the quarter and an additional
$28 million in early April" and "in total, we purchased approximately
$1.6 billion of agency specified pools and TBAs with a focus on call protected collateral." (CFO, Chief Investment Officer, Secretary & Director Haas)
