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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 18. RELATED PARTY TRANSACTIONS

Other Relationships with Orchid

At both December 31, 2019 and 2018, the Company owned 1,520,036 shares of Orchid common stock, representing approximately 2.4% and 3.1% of Orchid’s outstanding common stock, on such dates. During the years ended December 31, 2019 and 2018, the Company received dividends on this common stock investment of approximately $1.5 million and $1.6 million, respectively.

Robert Cauley, our Chief Executive Officer and Chairman of our Board of Directors, also serves as Chief Executive Officer and Chairman of the Board of Directors of Orchid, receives compensation from Orchid, and owns shares of common stock of Orchid. Also, Hunter Haas, our Chief Financial Officer, Chief Investment Officer and Treasurer, also serves as Chief Financial Officer, Chief Investment Officer and Secretary of Orchid, is a member of Orchid’s Board of Directors, receives compensation from Orchid, and owns shares of common stock of Orchid. Robert J. Dwyer and Frank E. Jaumot, our independent directors, each own shares of common stock of Orchid.