Orchid Island Capital Announces June 2026 Monthly Dividend and May 31, 2026 RMBS Portfolio Characteristics

About this update from Orchid Island Capital, Inc.

June 2026 Monthly Dividend of $0.10 Per Share of Common Stock RMBS Portfolio Characteristics as of May 31, 2026 Next Dividend Announcement Expected July 8, 2026 VERO BEACH, Fla. , June 09, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of June 2026 . The dividend of $0.10 per share will be paid July 30, 2026 to holders of record of the Company’s common stock on June 30, 2026 , with an ex-dividend date of June 30, 2026 . The Company plans on announcing its next common stock dividend on July 8, 2026 . 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 June 9, 2026 and May 31, 2026, the Company had 200,700,226 shares of common stock outstanding. As of March 31, 2026, the Company had 196,700,226 shares of common stock outstanding. RMBS Portfolio Characteristics Details of the RMBS portfolio as of May 31, 2026 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, 2025 . RMBS Valuation Characteristics   ($ in thousands)                                                                                                                                                     Realized                                                                   Realized     Mar-26 -                                                                   May-26     May-26                                       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 Jun)     in Jun)     (-50 BPS)     (+50 BPS)   Fixed Rate RMBS                                                                                     30yr 3.0   $ 318,536   $ 282,755     2.52 %     88.77     3.00 %     3.52 %     61     292     7.4 %   6.9 %   $ 8,512     $ (8,623 ) 30yr 3.5     37,510     34,253     0.31 %     91.32     3.50 %     4.30 %     80     261     7.4 %   3.4 %     1,013       (1,030 ) 30yr 4.0     48,111     45,664     0.41 %     94.91     4.00 %     4.77 %     84     271     11.0 %   10.4 %     1,192       (1,230 ) 30yr 4.5     440,113     425,236     3.79 %     96.62     4.50 %     5.46 %     29     327     7.0 %   5.9 %     9,449       (10,375 ) 30yr 5.0     2,176,760     2,152,687     19.20 %     98.89     5.00 %     6.00 %     12     345     5.4 %   5.3 %     42,179       (49,229 ) 30yr 5.5     3,607,056     3,657,606     32.62 %     101.40     5.50 %     6.46 %     14     342     6.7 %   7.8 %     57,224       (71,121 ) 30yr 6.0     3,096,813     3,194,305     28.49 %     103.15     6.00 %     6.92 %     17     338     14.8 %   20.4 %     33,662       (46,561 ) 30yr 6.5     1,286,355     1,349,093     12.03 %     104.88     6.50 %     7.39 %     19     336     19.6 %   25.1 %     9,260       (14,210 ) 30yr 7.0     54,824     58,190     0.52 %     106.14     7.00 %     7.92 %     30     322     32.1 %   45.5 %     470       (629 ) 30yr Total     11,066,078     11,199,789     99.89 %     101.21     5.54 %     6.48 %     18     338     10.4 %   13.2 %     162,961       (203,008 ) Total Pass-Through RMBS     11,066,078     11,199,789     99.89 %     101.21     5.54 %     6.48 %     18     338     10.4 %   13.2 %     162,961       (203,008 ) Structured RMBS                                                                                     IO 20yr 4.0     4,774     361     0.00 %     7.56     4.00 %     4.56 %     172     63     14.5 %   14.3 %     1       (1 ) IO 30yr 4.0     60,486     10,896     0.10 %     18.01     4.00 %     4.60 %     140     210     5.7 %   5.0 %     (128 )     72   IO 30yr 4.5     2,619     486     0.00 %     18.57     4.50 %     4.99 %     190     156     11.8 %   10.1 %     (1 )     -   IO 30yr 5.0     1,388     271     0.00 %     19.50     5.00 %     5.37 %     191     156     1.6 %   4.7 %     (2 )     -   IO Total     69,267     12,014     0.11 %     17.34     4.04 %     4.62 %     146     197     6.4 %   5.9 %     (130 )     71   IIO 30yr 4.0     14,292     71     0.00 %     0.50     0.16 %     4.40 %     104     244     0.6 %   4.9 %     58       (35 ) Total Structured RMBS     83,559     12,085     0.11 %     14.46     3.37 %     4.59 %     138     205     5.4 %   5.7 %     (72 )     36                                                                                         Total Mortgage Assets   $ 11,149,637   $ 11,211,874     100.00 %           5.52 %     6.46 %     18     337     10.4 %   13.1 %   $ 162,889     $ (202,972 )                                                                                               Hedge   Modeled Interest       Notional   Period   Rate Sensitivity (1)   Hedge   Balance   End   (-50 BPS)     (+50 BPS)   3-Month SOFR Futures   $ (390,000 ) Dec-26   $ (2,048 )   $ 2,048   10-Year Treasury Future(2)     (188,600 ) May-33     (6,037 )     5,860   10-Year Ultra Treasury Future(3)     (60,000 ) Feb-36     (2,638 )     2,526   ERIS SOFR Swap Futures     (10,000 ) Jun-31     (195 )     190   Swaps     (7,814,200 ) Feb-31     (164,240 )     158,827   Swaptions     (1,000,000 ) Dec-31     (2,809 )     4,875   TBA Short     (300,000 ) Jun-26     (3,351 )     4,667   Hedge Total   $ (9,762,800 )     $ (181,318 )   $ 178,993   Rate Shock Grand Total             $ (18,429 )   $ (23,979 )   (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) Ten-year Treasury futures contracts were valued at prices of $109.83 at May 31, 2026 . The market value of the short position was $207.1 million . (3) Ten-year Ultra Treasury futures contracts were valued at prices of $112.08 at May 31, 2026 . The market value of the short position was $67.3 million .   RMBS Assets by Agency                 ($ in thousands)                             Percentage       Fair     of   Asset Category   Value     Portfolio   As of May 31, 2026                 Fannie Mae   $ 5,895,030       52.6 % Freddie Mac     5,316,844       47.4 % Total Mortgage Assets   $ 11,211,874       100.0 %                   Investment Company Act of 1940 Whole Pool Test   ($ in thousands)                             Percentage       Fair     of   Asset Category   Value     Portfolio   As of May 31, 2026                 Non-Whole Pool Assets   $ 581,118       5.2 % Whole Pool Assets     10,630,756       94.8 % Total Mortgage Assets   $ 11,211,874       100.0 %                   Borrowings By Counterparty                                   ($ in thousands)                                                       Weighted     Weighted                 % of     Average     Average         Total     Total     Repo     Maturity   Longest As of May 31, 2026   Borrowings     Debt     Rate     in Days   Maturity Marex Capital Markets Inc.   $ 498,421       4.7 %     3.78 %     49   7/23/2026 Citigroup Global Markets Inc     486,749       4.5 %     3.76 %     23   7/27/2026 StoneX Financial Inc.     486,529       4.5 %     3.79 %     103   9/23/2026 ABN AMRO Bank N.V.     478,711       4.5 %     3.74 %     38   7/20/2026 Wells Fargo Securities, LLC     475,199       4.4 %     3.78 %     40   8/19/2026 ASL Capital Markets Inc.     472,828       4.4 %     3.77 %     87   9/21/2026 South Street Securities, LLC     466,233       4.4 %     3.82 %     78   11/13/2026 The Bank of Nova Scotia     460,634       4.3 %     3.75 %     57   8/13/2026 J.P. Morgan Securities LLC     453,205       4.2 %     3.73 %     26   6/26/2026 RBC Capital Markets, LLC     449,008       4.2 %     3.82 %     47   7/27/2026 Hidden Road Partners Civ US LLC     444,505       4.2 %     3.76 %     87   8/26/2026 Clear Street LLC     431,670       4.0 %     3.78 %     27   7/13/2026 Cantor Fitzgerald & Co     430,958       4.0 %     3.75 %     25   6/25/2026 DV Securities, LLC Repo     423,823       4.0 %     3.77 %     77   8/27/2026 Daiwa Securities America Inc.     422,808       3.9 %     3.79 %     50   8/18/2026 Banco Santander SA     413,756       3.9 %     3.77 %     44   7/20/2026 Goldman, Sachs & Co     399,848       3.7 %     3.76 %     57   7/27/2026 Bank of Montreal     380,100       3.5 %     3.77 %     15   6/15/2026 Merrill Lynch, Pierce, Fenner & Smith     370,892       3.5 %     3.75 %     18   6/26/2026 ING Financial Markets LLC     370,344       3.5 %     3.80 %     43   7/13/2026 Mirae Asset Securities (USA) Inc.     322,701       3.0 %     3.73 %     21   6/22/2026 Brean Capital, LLC     300,096       2.8 %     3.74 %     23   7/27/2026 Mitsubishi UFJ Securities (USA), Inc.     240,338       2.2 %     3.71 %     22   6/22/2026 MUFG Securities Canada, Ltd.     223,362       2.1 %     3.78 %     4   6/4/2026 Nomura Securities International, Inc.     221,512       2.1 %     3.79 %     18   7/10/2026 Mizuho Securities USA LLC     186,103       1.7 %     3.73 %     18   6/18/2026 TD Securities (USA) LLC     172,185       1.6 %     3.80 %     12   6/12/2026 Natixis , New York Branch     94,018       0.9 %     3.73 %     26   6/26/2026 Morgan Stanley & Co. LLC     48,571       0.5 %     3.77 %     45   7/15/2026 BNP Paribas Securities Corp.     36,970       0.3 %     3.76 %     12   6/12/2026 Lucid Prime Fund, LLC     30,867       0.3 %     3.77 %     11   6/11/2026 Canyon Partners, LLC     14,394       0.1 %     3.72 %     17   6/17/2026 Total Borrowings   $ 10,707,338       100.0 %     3.77 %     45   11/13/2026 Contact: Orchid Island Capital, Inc. Robert E. Cauley 3305 Flamingo Drive , Vero Beach, Florida 32963 Telephone: (772) 231-1400 Source: Orchid Island Capital, Inc. 2026 GlobeNewswire, Inc., source Press Releases

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