Orchid Island Capital reported a net loss of $44.6 million for the fourth quarter of 2021, driven by net realized and unrealized losses on RMBS and derivative instruments. However, net interest income increased, and the company maintained a strong liquidity position.
Reported a net loss of $44.6 million, or $0.27 per common share.
Net interest income was $42.4 million, or $0.25 per common share.
Declared and paid total dividends of $0.195 per common share for the quarter.
Book value per share was $4.34 at the end of the quarter.
The company is comfortable with its current positioning and believes that its specified pool holdings will perform well as the market transitions from a TBA roll-dominated market.
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