Bimini Capital Management reports recurring developments as an asset manager with advisory services and a portfolio of residential mortgage-related securities. The company’s updates cover operating results, book value and common-share earnings, management fees from serving as external manager of Orchid Island Capital, and activity in Agency RMBS issued by Fannie Mae, Freddie Mac and Ginnie Mae.
Company news also includes changes to its advisory platform, including the completed purchase of an 80% interest in Tom Johnson Investment Management, a registered investment adviser with individual-account, sub-advisory and wrap-program mandates. Governance and capital-structure items include stockholder-rights-plan amendments tied to net operating loss carryforwards and related stockholder voting matters.
Bimini Capital Management (OTCBB:BMNM) will announce its fourth quarter 2020 results post-market close on March 11, 2021. An earnings conference call is scheduled for March 12, 2021, at 10:00 AM ET, accessible through a registration link. The live audio webcast will be available on the company’s investor relations website, with an archive until April 12, 2021. Bimini primarily invests in residential mortgage-related securities and manages Orchid Island Capital, a REIT, through its subsidiary, Bimini Advisors.