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April 2021 Monthly Dividend of $0.065 Per Share Estimated Book Value Per Share as of March 31, 2021 of $4.94 Estimated GAAP net loss of $0.34 per share for the quarter ended March 31, 2021, including an estimated $0.60 per share of net realized and unrealized losses on RMBS and derivative instruments Estimated (6.0)% total return on equity for the quarter Estimated book value, net loss and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm RMBS Portfolio Characteristics as of March 31, 2021 Next Dividend Announcement Expected May 12, 2021 VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) announced today that the Board of Directors (the “Board”) declared a monthly cash dividend for the month of April 2021. The dividend of $0.065 per share will be paid May 26, 2021 to holders of record on April 30, 2021, with an ex-dividend date

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