Cherry Hill Mortgage Board authorizes internalization, termination of external management agreement

Cherry Hill Mortgage Investment Corp

Board authorized internalizing management and terminating the management agreement with Cherry Hill Mortgage Management, LLC.
Special committee of independent directors recommended the internalization; exploration of other strategic alternatives continues.
Company to become a fully integrated, internally managed mortgage REIT; no formal timetable for completion.
Internalization is one of several strategic alternatives being evaluated by the Special Committee.

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