Business Description
Orchid Island Capital is a Florida-based real estate investment trust founded in 2010 that focuses exclusively on U.S. home loan mortgage securities guaranteed by government-backed agencies. The company holds a range of these securities, from straightforward mortgage bundles to more complex structures built around interest and principal payments. Because it qualifies as a REIT, Orchid Island pays little to no corporate income tax, provided it distributes at least 90% of its taxable earnings to shareholders each year.
