Orchid Island Capital, Inc. Announces Full Exercise of Underwriter’s Option to Purchase Additional Shares and Closing of Public Offering of Common Stock

Orchid Island Capital, Inc. (NYSE:ORC) (the Company) announced today the closing of an underwritten public offering of 9,200,000 shares of its common stock, including 1,200,000 shares purchased by the underwriter pursuant to its exercise, in full, of an option to purchase additional shares.