Brief: Orchid Island Capital, Bimini Capital Management Announce Third Amendment To Management Agreement

Bimini Capital Management

17/11/2021 22:45

Nov 17 (Reuters) - Bimini Capital Management Inc  BMNM.PK :
    * ORCHID ISLAND CAPITAL, INC. AND BIMINI CAPITAL MANAGEMENT,
INC.
ANNOUNCE THIRD AMENDMENT TO MANAGEMENT AGREEMENT
    * ORCHID ISLAND - BIMINI & MANAGER TAKING STEPS TO
INTERNALIZE
REPURCHASE AGREEMENT TRADING, CLEARING & ADMINISTRATIVE SERVICES
CURRENTLY PROVIDED BY AVM
    * ORCHID ISLAND CAPITAL INC - ORCHID AND MANAGER HAVE AGREED
THAT
ORCHID'S AGREEMENTS WITH AVM WILL BE TERMINATED
    * ORCHID ISLAND CAPITAL INC - MANAGER WILL BECOME
RESPONSIBLE FOR
PERFORMANCE OF REPURCHASE AGREEMENT TRADING, CLEARING AND
ADMINISTRATIVE SERVICES.
    * ORCHID ISLAND CAPITAL INC - HIRING OF PATRICK DOYLE BY
BIMINI
CAPITAL, INC.

Source text for Eikon:  ID:nBw6lmN1ya 
Further company coverage:  BMNM.PK 

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