| | Call Details | Bimini Capital Management, Inc. Earnings Conference Call (Q1 2008) Tue,
May 13, 2008, 8:45 am Eastern
| | About Bimini Capital Management, Inc.
(Other OTC:BMNM.PK) |
| | Bimini Capital Management, Inc., a real estate investment trust (REIT), invests primarily in residential mortgage-related securities (MBS) issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. As of June 30, 2007, the companys portfolio comprised 64.40% adjustable-rate MBS, 23.84% fixed-rate MBS, and 11.76% hybrid adjustable-rate MBS. It also originates and purchases residential mortgage loans, including ALTERNATE A loans, conventional prime mortgage loans, jumbo prime mortgage loans, government prime mortgage loans, prime home equity loans, and subprime mortgage loans. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 2003. It was formerly known as Bimini Mortgage Management, Inc. and changed its name to Opteum, Inc. in 2006. Further, the company changed its name to Bimini Capital Management, Inc. in September 2007. Bimini Capital Management is based in Vero Beach, Florida. |
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