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Bimini Capital Management to Announce Second Quarter 2022 Results
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Bimini Capital Management (BMNM) will announce its second quarter 2022 results on August 11, 2022, after market close. An earnings conference call will take place the following day, August 12, 2022, at 10:00 AM ET, accessible via live audio webcast or dial-in registration. Bimini primarily invests in residential mortgage-related securities and serves as the external manager for Orchid Island Capital (ORC), a real estate investment trust. Bimini's management strategy aims at maximizing the yield spread on its assets.
Positive
Scheduled earnings call indicates transparency and communication with investors.
Continued management of Orchid Island Capital (ORC), provides a revenue stream through management fees.
Negative
None.
VERO BEACH, Fla.--(BUSINESS WIRE)--
Bimini Capital Management, Inc. (OTCQB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the second quarter of 2022 following the close of trading on Thursday, August 11, 2022.
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.
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 announce its second quarter 2022 results?
Bimini Capital Management will announce its second quarter 2022 results on August 11, 2022.
What time is the earnings conference call for Bimini Capital Management?
The earnings conference call for Bimini Capital Management will be held at 10:00 AM ET on August 12, 2022.
How can I access the earnings conference call for Bimini Capital Management?
You can access the earnings conference call via live audio webcast on the company's investor relations website or by registering for dial-in information.
What is the role of Bimini Advisors Holdings, LLC?
Bimini Advisors Holdings, LLC serves as the external manager for Orchid Island Capital, managing its investment portfolio and day-to-day operations.
What type of securities does Bimini Capital Management invest in?
Bimini Capital Management primarily invests in residential mortgage-related securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae.
