Orchid Island Capital Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. Its portfolio consists of two categories of Agency RMBS: pass-through Agency RMBS and structured Agency RMBS. It invests in pass-through securities, which are securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates are classified into three categories, including fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. It invests in structured Agency RMBS, which include collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities.

Closing Price
$5.02
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
885,428
0

Chinese electric-car maker Li Auto sets IPO terms

4:34 pm ET July 24, 2020 (MarketWatch)
Print

Chinese electric-car maker Li Auto Inc. said late Friday it expects to sell up to 95 million American depositary shares in a range between $8 and US$10 in its initial public offering. Li Auto filed for the IPO earlier this month. Goldman Sachs, Morgan Stanley and UBS are among the underwriters. Li's IPO comes on the heels of recent IPO successes for electric-vehicle makers such as Nikola Corp. (NKLA) and of share rallies for Tesla Inc. (TSLA) and Nio Inc. (NIO), also a Chinese EV maker. Li said it started volume production of its first model, an SUV called Li One, in November 2019, and that it has delivered more than 10,400 Li One vehicles as of June 30. Li said it focuses on SUVs costing between $21,000 and $70,000, seeking to offer customers "unparalleled value for money with the performance, functionality, and cabin-space of a large premium SUV but pricing close to a compact premium SUV," it said.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 24, 2020 16:34 ET (20:34 GMT)

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