BMNM - Bimini Capital Mgmt

From OTC Wiki
Bimini Capital Management, Inc., through its subsidiaries, engages in the asset management business in the United States. The company operates in two segments, Asset Management and Investment Portfolio. It offers investment advisory services; and administers business activities and day-to-day operations, as well as invests in residential mortgage-backed securities. The company was formerly known as Opteum Inc. and changed its name to Bimini Capital Management, Inc. in September 2007. Bimini Capital Management, Inc. was incorporated in 2003 and is headquartered in Vero Beach, Florida.
Click the menu options below to view or add content

Opinions

No opinions so far.

Please login or register to post your opinion.

Wiki

Edit Wiki page

BMNM Stock - Bimini Capital Mgmt
BMNM Stock - Bimini Capital Mgmt

Bimini Capital Management, Inc. (OTC: BMNM) was incorporated in 2003 and is headquartered in Vero Beach, Florida. The company is engaged in the asset management business and operates in two segments, Asset Management and Investment Portfolio. It offers investment advisory services as well as administration and day-to-day operations services. In addition, the company invests in residential mortgage-backed securities. The company was originally named Opteum Inc. but changed its name to Bimini Capital Management, Inc. in September 2007.[1]

On July 8, 2021 the company announced the results of a tender offer to purchase up to $2.2 million in value of shares of its Class A common stock. The offer was conducted using a “modified Dutch auction” approach. Bimini Capital accepted 812,879 shares of Class A Common Stock for purchase at a price of $1.85 per share. The total  aggregate cost of the purchased shares was approximately $1.5 million, excluding fees and expenses relating to the Offer. The shares of Class A Common Stock accepted for purchase represent approximately 7.0% of Bimini Capital’s total outstanding shares of Class A Common Stock as of July 1, 2021. Based on these final numbers, following settlement of the Offer, Bimini Capital will have approximately 10,795,676 shares of Class A Common Stock outstanding.[2]

On July 8, 2019 the company announced the results of a tender offer. 1,100,000 shares of Class A Common Stock, representing approximately  8.7% of Bimini Capital’s total outstanding shares of Class A Common Stock as of June 28, 2019, were purchase at a price of $2.00 per share, for an aggregate cost of approximately $2.2 million, The company had approximately 11,608,555 shares of Class A Common Stock outstanding after the transaction.[3]


Company

News

Create News

Thu, 20:19 August 11, 2022 | OTC Markets Group - News, Filings & Corporate Actions
Category: Bimini Capital Management, Inc. | Tier: OTCQB | Source: BUSI |
Fri, 13:06 July 15, 2022 | OTC Markets Group - News, Filings & Corporate Actions
Category: Bimini Capital Management, Inc. | Tier: OTCQB | Source: BUSI |
Thu, 20:18 May 12, 2022 | OTC Markets Group - News, Filings & Corporate Actions
Category: Bimini Capital Management, Inc. | Tier: OTCQB | Source: BUSI |
Mon, 16:12 April 25, 2022 | OTC Markets Group - News, Filings & Corporate Actions
Category: Bimini Capital Management, Inc. | Tier: OTCQB | Source: BUSI |

More News: Company News | OTC Markets