SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
Report (Date of earliest event
reported): November 5,
2007
Bimini
Capital Management, Inc.
(Exact
Name of Registrant as Specified in Charter)
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Maryland
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001-32171
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72-1571637
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(State
or Other Jurisdiction of Incorporation)
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(Commission File
Number)
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(IRS
Employer Identification No.)
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3305
Flamingo Drive, Vero Beach, Florida 32963
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code (772)
231-1400
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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On
November 5, 2007, the Company issued the press release attached hereto as
Exhibit 99.1. The information furnished under this “Item 7.01
Regulation FD Disclosure,” including the exhibits related hereto, shall not be
deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference in any disclosure
document of the Company, except as shall be expressly set forth by specific
reference in such document.
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ITEM
8.01.
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OTHER
EVENTS.
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On
November 5, 2007, Bimini Capital Management, Inc. (the “Company”) issued a press
release to announce that its shares of Class A common stock will be traded
over
the counter under the symbol “BMNM.”
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ITEM
9.01.
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EXHIBITS.
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(d)
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Exhibits
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Exhibit
99.1 – Press Release of Bimini Capital Management, Inc. dated November 5,
2007
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Date:
November 5, 2007
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BIMINI
CAPITAL MANAGEMENT, INC.
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By:
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/s/
Robert E. Cauley
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Robert
E. Cauley
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|||
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Vice
Chairman, Senior Executive Vice President, Chief Financial Officer,
Chief
Investment Officer and
Treasurer
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Exhibit
No.
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99.1
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Press
Release of Bimini Capital Management, Inc. dated November 5,
2007
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Exhibit
99.1
[Bimini
Capital Management Logo]
BIMINI
CAPITAL MANAGEMENT
CLASS
A COMMON STOCK TO TRADE UNDER SYMBOL “BMNM”
VERO
BEACH, FL (November 5, 2007)— Bimini Capital Management, Inc. (“Bimini
Capital” or the “Company”), a real estate investment trust (“REIT”), today
announced that its shares of Class A common stock will be traded over the
counter under the symbol “BMNM.” As previously announced, the Company
has applied to list its Class A common stock on another national securities
market, however, no assurance can be given that the Company’s Class A common
stock will be approved for listing on such national securities
market. Until such time that the Company’s Class A common stock is
approved for listing on another national securities market, the Company
anticipates that the Company’s Class A common stock will continue to trade over
the counter under the symbol “BMNM.”
About
Bimini Capital Management
Bimini
Capital Management, Inc. is a REIT that invests primarily in, but is not limited
to, residential mortgage-related securities issued by the Federal National
Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation
(Freddie Mac) and the Government National Mortgage Association (Ginnie
Mae). Its objective is to earn returns on the spread between the
yield on its assets and its costs, including the interest expense on the funds
it borrows.
Statements
herein relating to matters that are not historical facts are forward-looking
statements as defined in the Private Securities Litigation Reform Act of 1995.
The reader is cautioned that such forward-looking statements are based on
information available at the time and on management's good faith belief with
respect to future events, and are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those expressed
in
such forward-looking statements. Important factors that could cause such
differences are described in Bimini Capital Management, Inc.'s filings with
the
Securities and Exchange Commission, including Bimini Capital Management, Inc.'s
most recent Annual Report on Form 10-K or Quarterly Report on Form
10-Q. Bimini Capital Management, Inc. assumes no obligation to update
forward-looking statements to reflect subsequent results, changes in assumptions
or changes in other factors affecting forward-looking
statements.
Contact: Robert
E. Cauley
Chief
Financial Officer
(772)
231-1400
HUwww.biminicapital.comU
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