Bimini Capital Management to Announce Fourth Quarter 2023 Results

Rhea-AI Summary

Bimini Capital Management, Inc. (BMNM) has announced the release of their fourth-quarter 2023 results, scheduled for March 7, 2024. The earnings conference call and live audio webcast will be held on March 8, 2024, providing investors with insights into the company's performance.

VERO BEACH, Fla.--(BUSINESS WIRE)-- Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the fourth quarter of 2023 following the close of trading on Thursday, March 7, 2024.

Earnings Conference Call Details

An earnings conference call and live audio webcast will be hosted Friday, March 8, 2024, at 10:00 AM ET. The conference call may be accessed by dialing toll free (888) 330-2214. 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 or at https://events.q4inc.com/attendee/174130246. An audio archive of the webcast will be available for 30 days after the call.

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/20240206003236/en/

Bimini Capital Management, Inc.

Robert E. Cauley, 772-231-1400

Chairman and Chief Executive Officer

https://ir.biminicapital.com

Source: Bimini Capital Management, Inc.

FAQ

When will Bimini Capital Management release its fourth-quarter 2023 results?

Bimini Capital Management will release its fourth-quarter 2023 results following the close of trading on Thursday, March 7, 2024.

When is the earnings conference call and live audio webcast scheduled for?

The earnings conference call and live audio webcast is scheduled for Friday, March 8, 2024, at 10:00 AM ET.

How can I access the conference call?

The conference call may be accessed by dialing toll-free (888) 330-2214.

Where can I access the live audio webcast?

The live audio webcast can be accessed via the investor relations section of the Company's website at https://ir.biminicapital.com or at https://events.q4inc.com/attendee/174130246.

How long will the audio archive of the webcast be available?

An audio archive of the webcast will be available for 30 days after the call.