secwatch.observer — SEC 8-K summary
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Issuer:     Cherry Hill Mortgage Investment Corp (CHMI)
CIK:        0001571776
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001140361-24-036416
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cherry Hill Q2 GAAP net loss $0.06/shr; EAD $0.08/shr; book value $4.15; internalization approved
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- GAAP net loss applicable to common $1.9M ($0.06/shr); prior Q GAAP net income $9.7M ($0.32/shr).
- EAD attributable to common $2.3M ($0.08/shr) vs Q1 $4.0M ($0.13/shr); includes $1.7M special committee expenses.
- Book value per share $4.15 at June 30; regular common dividend $0.15/shr declared; preferred stock buyback $9.4M completed.
- Sold ~$1.2B UPB of low-balance MSRs; portfolio leverage 4.9x; unrestricted cash $52.4M.
- Board authorized internalizing management in July to reduce expenses and align with stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571776/000114036124036416/0001140361-24-036416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571776/000114036124036416/ef20033588_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-036416

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