Orchid Island Capital aims to price public sale of 1.5 million shares

Deal conducted by joint bookrunners Ladenburg Thalmann and Oppenheimer

By Devika Patel

Knoxville, Tenn., Jan. 15 - Orchid Island Capital, Inc. said it will sell 1.5 million common shares in a public offering with a 30-day greenshoe option of 225,000 additional shares.

Ladenburg Thalmann & Co. Inc. and Oppenheimer & Co. Inc. are the joint bookrunning managers.

Based in Vero Beach, Fla., Orchid is a specialty finance company that invests in residential mortgage-backed securities.

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