Bimini Capital Management to Announce First Quarter 2021 Results
Bimini Capital Management (OTCQB:BMNM) will announce its Q1 2021 financial results on May 13, 2021, after market close. An earnings conference call is scheduled for May 14, 2021, at 10:00 AM ET. Interested participants can obtain dial-in details through the provided registration link. Bimini specializes in managing assets, focusing on residential mortgage-related securities from Fannie Mae, Freddie Mac, and Ginnie Mae. The company also externally manages Orchid Island Capital, a publicly-traded REIT, overseeing its investment strategies and daily operations.
- Bimini Capital Management is set to announce Q1 2021 results, indicating a proactive communication strategy.
- The company manages significant assets, primarily in residential mortgage-related securities, which may provide stable returns.
- Bimini is the external manager for Orchid Island Capital, a publicly traded REIT, allowing for diversified income streams through management fees.
- None.
Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the first quarter of 2021 following the close of trading on the New York Stock Exchange on Thursday, May 13, 2021.
Earnings Conference Call Details
An earnings conference call and live audio webcast will be hosted Friday, May 14, 2020, at 10:00 AM ET. Participants can receive dial-in information via email by following the link:
A live audio webcast of the conference call can be accessed via the investor relations section of the Company's website at https://ir.biminicapital.com, and an audio archive of the webcast will be available until June 14, 2021.
About Bimini Capital Management, Inc.
Bimini Capital Management, Inc. is an asset manager that invests primarily in residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae).
Through our wholly-owned subsidiary, Bimini Advisors Holdings, LLC ("Bimini Advisors"), we serve as the external manager of Orchid Island Capital, Inc. ("Orchid"). Orchid is a publicly-traded real estate investment trust (NYSE: ORC). Orchid is managed to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. As Orchid’s external manager, Bimini Advisors receives management fees and expense reimbursements for managing Orchid's investment portfolio and day-to-day operations. Pursuant to the terms of the management agreement, Bimini Advisors provides Orchid with its management team, including its officers, along with appropriate support personnel. Bimini Advisors is at all times subject to the supervision and oversight of Orchid's board of directors and has only such functions and authority as are delegated to it.
We also manage the portfolio of our wholly-owned subsidiary, Royal Palm Capital, LLC (“Royal Palm”). Royal Palm is managed with an investment strategy similar to that of Orchid. Bimini Capital Management, Inc. and its subsidiaries are headquartered in Vero Beach, Florida.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005499/en/
FAQ
When will Bimini Capital Management release its Q1 2021 earnings?
What is the date and time for the Bimini Capital earnings call?
How can I listen to Bimini Capital's earnings call?
What type of securities does Bimini Capital primarily invest in?
