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Orchid Island Capital, Inc. (ORC) CEO Robert Cauley on Q1 2020 Results - Earnings Call Transcript

May 01, 2020 3:57 PM ETOrchid Island Capital, Inc. (ORC)2 Comments
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Orchid Island Capital, Inc. (NYSE:ORC) Q1 2020 Earnings Conference Call May 1, 2020 10:00 AM ET

Company Participants

Robert Cauley - Chairman & Chief Executive Officer

Hunter Haas - Chief Financial Officer & Chief Investment Officer

Conference Call Participants

Christopher Nolan - Ladenburg Thalmann

Jason Stewart - JonesTrading


Good morning and welcome to the First Quarter 2020 Earnings Conference Call for Orchid Island Capital. This call is being recorded today May 1st, 2020. At this time, the company would like to remind the listeners that statements made during today's conference call relating to matters that are not historical facts are forward-looking statements subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

Listeners are cautioned that such forward-looking statements are based on information currently available on the management's good faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements.

Important factors that could cause such differences are described in the company's files with the Securities and Exchange Commission including the company's most recent annual report on Form 10-K. The company assumes no obligation to update such forward-looking statements to reflect actual results changes in assumptions or changes in factors affecting forward-looking statements.

Now, I'd like to turn the conference over to the company's Chairman and Chief Executive Officer, Mr. Robert Cauley. Please go ahead sir.

Robert Cauley

Thank you operator and good morning everyone. I hope everyone is safe and has been not been adversely affected by the pandemic and COVID-19. Hopefully, by next quarter's call, this will be largely behind us. However, it was all about COVID-19 this quarter.

I'm not going to follow the prior practice and goes through the slide

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