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Bimini Capital Management to Hold Conference Call for Investors in PreTSL XX and PreTSL XXI

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^{Published in Business and Finance on Wednesday, January 7th 2009 at 8:07 GMT, Last Modified on 2009-01-07 08:08:26 by Market Wire}  

VERO BEACH, Fla.--([ BUSINESS WIRE ])--As previously announced, Bimini Capital Management, Inc. (OTCBB: BMNM) ("Bimini Capital" or the "Company"), a real estate investment trust ("REIT"), will hold a follow up conference call for registered noteholders of Preferred Term Securities XX, Ltd. ("PreTSL XX") and Preferred Term Securities XXI, Ltd. ("PreTSL XXI") on Thursday, January 8, 2009, at 10:00 a.m. Eastern Time. The purpose of the call is to provide an opportunity for the Company's management to outline the process by which registered noteholders of PreTSL XX and PreTSL XXI may participate, to the extent such noteholders desire to do so, in discussions concerning the development and consideration of restructuring alternatives for the Company's junior subordinated debentures held by Bimini Capital Trust II, the Fixed/Floating Rate Capital Securities of which are held by PreTSL XX and PreTSL XXI.

Investors in PreTSL XX and PreTSL XXI are strongly encouraged to participate in this conference call. Interested persons may access the call by dialing (800) 218-0713 or (303) 262-2125, confirmation code: 11123469. This conference call will also be accessible via an online Web simulcast through the Company's website at [ www.biminicapital.com ]. An online replay of the call will be available through the Company's website approximately two hours following the conclusion of the live broadcast of the call and will continue for 30 days.

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.