VERO BEACH, Fla., May 24, 2017 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) is saddened to announce the passing of board member John Van Heuvelen. Mr. Van Heuvelen was the Company’s lead independent director and the chairman of the Audit Committee since 2011. Mr. Van Heuvelen passed away after a brief illness.
Commenting on Mr. Van Heuvelen’s passing, the Company’s Chairman and Chief Executive Officer Mr. Robert E. Cauley, stated, “We are deeply saddened by John’s passing. John was a very valuable member of our board since the Company’s inception. John brought the wisdom and insight to every board meeting that only someone with his vast experience, knowledge, judgement and intuition could deliver. He will be sorely missed. We extend our deepest sympathies to John’s family.”
Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS and (ii) structured Agency RMBS, such as CMOs, IOs, IIOs and POs, among other types of structured Agency RMBS. Orchid is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.