Opteum Changing Name to Bimini Cap

Opteum Inc., a real estate investment trust based in Vero Beach, Fla., has announced that the company will change its name to Bimini Capital Management Inc. on Sept. 28.The REIT, which invest mainly in residential mortgage-backed securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae, said its class A common stock will begin trading that day under the symbol BMN on the New York Stock Exchange. Opteum also said its website will be moved to http://www.biminicapital.com.

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