Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities primarily in the United States. Its residential mortgage-backed securities (RMBS) are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. The companys portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS comprising collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Orchid Island Capital, Inc. was founded in 2010 and is headquartered in Vero Beach, Florida.