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
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10-day average volume:
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ExxonMobil, Employees and Retirees Contribute More Than $3.5 Million to New York Colleges and Universities

9:00 am ET June 30, 2020 (BusinessWire) Print

More than 75 accredited New York colleges and universities will receive more than $3.5 million as part of the ExxonMobil Foundation's Educational Matching Gift Program. ExxonMobil employees and retirees contributed more than $1.1 million to New York colleges and universities, and those individual donations were matched by $2.4 million in ExxonMobil Foundation grants.

The ExxonMobil Foundation program matches individual donations to accredited colleges and universities in the United States. The American Indian College Fund, Hispanic Scholarship Fund and United Negro College Fund also receive donations as part of the matching gift program. While the grants are unrestricted, colleges and universities are encouraged to designate a portion of the funds they receive to science, technology, engineering and math (STEM) programs supporting student engagement.

"Supporting education is a key priority for ExxonMobil, its employees and retirees," said Kevin Murphy, president of the ExxonMobil Foundation. "Our educational matching gift program provides critical resources to inspire today's students to become tomorrow's innovators and problem solvers."

Nationally, more than 4,100 ExxonMobil employees and retirees contributed nearly $16 million to 790 institutions of higher education in 2019, and those contributions will be matched with more than $37 million in unrestricted grants from the ExxonMobil Foundation.

The ExxonMobil Foundation matches donations to eligible U.S. colleges and universities of up to $7,500 a year on a 2-to-1 basis for employees and on a 1-to-1 basis for retirees.

ExxonMobil and the ExxonMobil Foundation also support teacher training initiatives and programs that encourage students, particularly women and minorities, to consider careers in STEM areas.

About the ExxonMobil Foundation

The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the United States. In 2019, the ExxonMobil Foundation, together with Exxon Mobil Corporation, its divisions and affiliates, along with employees and retirees, provided more than $252 million in contributions worldwide, of which over $77 million was dedicated to education.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005338/en/

SOURCE: Exxon Mobil Corporation

ExxonMobil
Media Relations, 972-940-6007
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