Biography

Mr. Cauley has served as our Chairman, President and Chief Executive Officer since August 2010. Mr. Cauley is also the Chairman and Chief Executive Officer of our Manager. Mr. Cauley co-founded Bimini in 2003 and has served as its Chief Executive Officer and Chairman of the Board of Directors since April 2008 and served as Vice-Chairman, Chief Financial Officer and Chief Investment Officer of Bimini prior to April 2008. Prior to co-founding Bimini in 2003, Mr. Cauley was a vice-president and portfolio manager at Federated Investors in Pittsburgh from 1996 to 2003. Mr. Cauley was a member of the ABS/MBS structuring desk at Lehman Brothers from 1994 to 1996 and a credit analyst at Barclays Bank, PLC from 1992 to 1994. Mr. Cauley is a CPA (inactive status) and served in the United States Marine Corps for four years. As a result of these professional and other experiences, Mr. Cauley possesses particular knowledge and expertise in management of publicly-traded REITs and RMBS portfolio management that strengthens the Board of Director’s collective knowledge, capabilities and experience.