Recent Updates — CHMI-PB

Cherry Hill Mortgage Investment Corporation reported second quarter 2026 results, posting GAAP net income of $1.3 million ($0.04 per share) and earnings available for distribution of $5.5 million ($0.15 per diluted share). The company also announced a definitive merger agreement with TPG Mortgage Investment Trust (NYSE: MITT), implying a transaction value of $117.5 million, or approximately $3.10 per CHMI common share, representing a 29% premium to the August 7 closing price. Under the deal, CHMI shareholders will receive 0.3063 shares of MITT stock and $0.93 in cash per share, with expected closure in the fourth quarter of 2026. Additionally, Cherry Hill declared a regular quarterly common dividend of $0.10 per share, paid on July 31, 2026 to shareholders of record as of June 30, 2026. The company operates in the real estate finance industry, acquiring and managing residential mortgage assets.

Cherry Hill Mortgage Investment Corp. entered into a definitive Agreement and Plan of Merger with TPG Mortgage Investment Trust, Inc., under which MITT will acquire CHMI in a transaction valued at approximately $117.5 million. The merger involves two steps: first, Cherry Hill Operating Partnership merges into Cherry Hill Mortgage, leaving it as the surviving corporation; second, Cherry Hill Mortgage merges into a subsidiary of MITT. Upon closing, each share of Cherry Hill common stock will convert into 0.3063 shares of MITT common stock plus $0.93 in cash per share ($0.41 from MITT and $0.52 from the parent manager). Cherry Hill preferred shareholders will receive one-to-one exchanges for newly issued MITT preferred shares with substantially identical rights. The transaction is expected to close in the fourth quarter of 2026, subject to stockholder approvals and regulatory conditions. Cherry Hill Mortgage Investment Corp. operates as a real estate finance company that acquires, invests in, and manages residential mortgage assets in the United States.