STOCK TITAN

CHERRY HILL MORTGAGE INVESTMENT CORPORATION 8-K Filings

CHMI NYSE

Every 8-K that CHERRY HILL MORTGAGE INVESTMENT CORPORATION (CHMI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow CHMI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CHMI filings page.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation reported stronger results for the quarter ended June 30, 2026 and announced a planned acquisition by another mortgage REIT. GAAP net income applicable to common stockholders was $1.3 million, or $0.04 per diluted share, compared with a loss of $0.05 per share in the prior quarter. Total net income was $3.8 million, and earnings available for distribution attributable to common stockholders were $5.5 million, or $0.15 per diluted share, modestly above the prior quarter.

The company generated $4.7 million of net interest income and $7.4 million of net servicing income, offset by $4.2 million of other loss driven by realized and unrealized losses on RMBS, derivatives, servicing-related assets, and credit loss and impairment on other assets. GAAP book value stood at $3.16 per diluted share, net of the second-quarter dividend. The RMBS portfolio had a carrying value of about $1.1 billion, a 3.45% net interest spread, and a 5.02x debt-to-equity ratio. The MSR portfolio had $15.2 billion of unpaid principal balance and a carrying value of $211.1 million.

The board declared a $0.10 per share common dividend for the quarter, and paid regular preferred dividends. Separately, Cherry Hill entered into a definitive merger agreement under which MITT will acquire CHMI. CHMI stockholders are expected to receive 0.3063 MITT shares plus $0.93 in cash per CHMI share, implying $3.10 per CHMI share and a 29% premium to the unaffected price, with closing targeted for the fourth quarter of 2026, subject to stockholder and other customary approvals.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (CHMI) has agreed to be acquired by TPG Mortgage Investment Trust, Inc. (MITT) in a stock-and-cash merger valued at approximately $117.5 million. Each CHMI common share will be converted into 0.3063 shares of MITT common stock plus $0.93 in cash, implying $3.10 per CHMI share based on MITT’s August 7, 2026 closing price. This represents a 29% premium to CHMI’s unaffected closing price and a 32% premium to its 30‑day VWAP.

On a pro forma basis, MITT stockholders are expected to own about 73% of the combined company and CHMI stockholders about 27%. CHMI’s Series A and B preferred shares will be exchanged into new MITT Series D and E preferred shares with substantially similar rights. The transaction, unanimously approved by both boards, is targeted to close in the fourth quarter of 2026, subject to stockholder approvals, regulatory clearances, NYSE listing of new MITT securities, effectiveness of an S‑4 registration statement, and other customary conditions.

The merger agreement includes reciprocal no‑shop covenants with “superior proposal” exceptions and termination rights. Under specified circumstances, CHMI could owe MITT a $4.7 million termination fee, and MITT could owe CHMI $7.99 million. A support agreement with AG MIT, LLC commits its CHMI shares to vote in favor of the merger. The parties intend the company merger to qualify as a tax‑free reorganization under Section 368(a) of the Internal Revenue Code and include covenants to maintain REIT status until closing.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation reported the results of its annual meeting of stockholders. Shareholders re-elected five directors to serve until the next annual meeting and approved, on a non-binding basis, the 2025 compensation of the company’s named executive officers.

Stockholders also ratified the appointment of Ernst & Young LLP as independent public auditors for the fiscal year ending December 31, 2026. A proposed charter amendment that would have removed the board’s exclusive power to amend and adopt bylaws did not receive sufficient support and was not approved.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation reported a small GAAP loss for first-quarter 2026 after unrealized RMBS losses outweighed core income. The company posted GAAP net loss applicable to common stockholders of $2.0 million, or $0.05 per diluted share, versus $0.14 per share in the prior quarter.

Earnings available for distribution attributable to common stockholders were $5.3 million, or $0.14 per diluted share, up from $0.11 in fourth-quarter 2025, reflecting stronger cash earnings. Net interest income was $4.5 million and net servicing income was $7.9 million, partially offset by a $12.4 million unrealized loss on RMBS and a $1.4 million unrealized loss on servicing-related assets.

The MSR portfolio had $15.6 billion in unpaid principal balance and a $213.5 million carrying value at March 31, 2026. The RMBS portfolio totaled about $1.2 billion, with a 4.98% weighted-average coupon and 27-year weighted-average maturity, and was hedged with interest rate swaps, TBAs, Treasury futures and Eris SOFR swap futures. GAAP book value was $3.23 per diluted share, net of the first-quarter dividend. The board declared a $0.10 common dividend and continued quarterly preferred dividends.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation approved a new 2026 Executive Compensation Plan for its internally managed leadership team, effective January 1, 2026. The plan combines base salary, annual cash incentives, and long-term equity tied to stockholder return.

For 2026, base salaries are $900,000 for CEO Jay Lown, $550,000 for CIO Julian Evans, and $400,000 for CFO Apeksha Patel. Each executive can earn additional short-term cash bonuses ranging from 20–75% of salary at threshold to 60–75% at maximum, based on company and individual performance. Long-term incentives use rolling three-year performance periods, splitting awards 50% time-based and 50% performance-based, with total LTIP opportunities at target of $900,000 for Lown, $550,000 for Evans, and $400,000 for Patel.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation reported stronger results for the fourth quarter of 2025, with GAAP net income of $7.9M and net income applicable to common stockholders of $5.3M, or $0.14 per diluted share, up from $0.05 in the prior quarter.

Earnings available for distribution attributable to common stockholders were $3.9M, or $0.11 per diluted share, compared with $0.09 in the third quarter. Results were driven by $3.2M of net interest income, $8.1M of net servicing income and net unrealized gains on RMBS, partly offset by realized and unrealized losses on derivatives and losses on servicing-related assets.

The MSR portfolio had an unpaid principal balance of $15.9B and carrying value of $214.8M, while the RMBS portfolio was about $1.2B with a 4.98% weighted average coupon. GAAP book value was $3.44 per diluted share as of December 31, 2025, net of the fourth quarter dividend. The board declared a common dividend of $0.10 per share and regular preferred dividends for Series A and B.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation reported its results of operations for the quarter ended September 30, 2025, and furnished a press release as Exhibit 99.1. The company noted that this information is being furnished, not filed, under the Securities Exchange Act of 1934 and is not subject to Section 18 liability, nor incorporated by reference under the Securities Act of 1933. The filing also lists the company’s NYSE‑traded securities: common stock (CHMI) and its 8.20% Series A and 8.250% Series B preferred shares.

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation appointed Apeksha Patel as its permanent Chief Financial Officer and Treasurer, effective August 22, 2025. She had been serving as the company’s Interim Chief Financial Officer, Treasurer and Secretary since June 22, 2025, following an earlier appointment disclosed in a prior SEC filing. The company states that, apart from the change in Ms. Patel’s title, the terms of her employment remain the same as previously disclosed.