Bimini Capital Management to Announce Second Quarter 2024 Results

Rhea-AI Summary

Bimini Capital Management (OTCQB:BMNM) has announced that it will disclose its second quarter 2024 financial results on Thursday, August 1, 2024, after market close.

Following this, an earnings conference call and live audio webcast will be held on Friday, August 2, 2024, at 10:00 AM ET.

Participants can join the conference call by dialing toll-free at (888) 330-2214, while the live audio webcast will be accessible via the investor relations section of Bimini's website.

An audio archive of the webcast will remain available for 30 days post the call.

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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 2024 following the close of trading on Thursday, August 1, 2024.

Earnings Conference Call Details

An earnings conference call and live audio webcast will be hosted Friday, August 2, 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. 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/20240710460501/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 announce its second quarter 2024 results?

Bimini Capital Management will announce its second quarter 2024 results on Thursday, August 1, 2024, after market close.

When is Bimini Capital Management's earnings conference call for Q2 2024?

The earnings conference call for Bimini Capital Management's Q2 2024 results will be held on Friday, August 2, 2024, at 10:00 AM ET.

How can I access Bimini Capital Management's Q2 2024 earnings conference call?

You can access Bimini Capital Management's Q2 2024 earnings conference call by dialing toll-free (888) 330-2214 or via the live audio webcast on the investor relations section of their website.

Will there be a replay available for Bimini Capital Management's Q2 2024 earnings call?

Yes, an audio archive of the webcast will be available for 30 days after the call.