Orchid Island Capital, Inc. and Bimini Capital Management, Inc. Announce Third Amendment to Management Agreement

Nov 17, 2021

Orchid Island Capital, Inc. (“Orchid”) (NYSE: ORC) and Bimini Capital, Inc. (“Bimini”) (OTCQB: BMNM) jointly announced today that effective as of November 16, 2021, Orchid and its external manager, Bimini Advisors, LLC (the “Manager”), entered into a Third Amendment (the “Amendment”) to the Management Agreement between Orchid and the Manager dated February 20, 2013, as previously amended (the “Agreement”). The Manager is a wholly-owned subsidiary of Bimini.

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