Orchid Island Capital Announces First Quarter 2021 Results
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Staff
4 mins ago
VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (NYSE:ORC) (“Orchid” or the “Company”), a real estate investment trust (“REIT”), today announced results of operations for the three month period ended March 31, 2021.
First Quarter 2021 Highlights
Net interest income of $24.9 million, or $0.29 per common share
Total expenses of $3.5 million, or $0.04 per common share
Net realized and unrealized losses of $50.8 million, or $0.60 per common share, on RMBS and derivative instruments, including net interest expense on interest rate swaps
First quarter total dividends declared and paid of $0.195 per common share
Book value per common share of $4.94 at March 31, 2021
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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Fluidra Strengthens Industry Leadership Position With Acquisition of Custom Molded Products (CMP)
March 10, 2021 GMT
BARCELONA, Spain (BUSINESS WIRE) Mar 10, 2021
Fluidra S.A. (BME: FDR), the Spanish listed global leader in pool and wellness equipment and connected solutions, today announced it has acquired Custom Molded Products (“CMP”), a Georgia-based manufacturer of pool and spa components, from Tenex Capital Management.
CMP is a leading supplier of innovative solutions for the recreational water industry with a strong portfolio of reputable brands such as DEL™, Brilliant Wonders ®, SpaMASTER™ and Bobé. Headquartered in Newnan, Georgia, CMP operates manufacturing and distribution facilities from multiple locations in the United States and China. CMP’s products are supported by distributors and OEMs in the United States, Canada, Latin America, Europe, Australia and the M
Fluidra S.A.: Fluidra Strengthens Industry Leadership Position With Acquisition of Custom Molded Products (CMP)
Addition of the US manufacturer of pool and spa components will further strengthen Fluidra s leadership position in the pool and wellness industry.
CMP s product offering and manufacturing expertise are highly complementary to Fluidra s business, creating expanded growth opportunities and value for customers.
The acquisition values CMP at $245 million and is expected to be Cash EPS accretive to Fluidra in 2021.
Fluidra S.A. (BME: FDR), the Spanish listed global leader in pool and wellness equipment and connected solutions, today announced it has acquired Custom Molded Products ( CMP ), a Georgia-based manufacturer of pool and spa components, from Tenex Capital Management.
March 9, 2021 finance & economy
DeepGreen, Developer of the World s Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation
Transaction combines the first ESG-focused SPAC with a developer of the world’s largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact
Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC
The combined company is expected to have approximately US$570 million in cash, assuming no redemptions, as part of the business combination, facilitating plans for The Metals Company to start commercial production of battery metals as soon as 2024