Cherry Hill Mortgage to be acquired by TPG Mortgage Investment Trust in stock-plus-cash deal

Cherry Hill Mortgage Investment Corp

CHMI common holders get 0.3063 Parent shares + $0.41/share cash from Parent, plus $0.52/share cash from Parent Manager.
Series A Preferred converts 1:1 to Parent Series D Preferred; Series B Preferred converts 1:1 to Parent Series E Floating Rate Preferred.
Closing requires majority vote of CHMI common stock, Parent stockholder approval, Form S-4 effectiveness, NYSE listing, regulatory approvals.
Termination fees: $4.7M if CHMI pays, $7.99M if Parent pays; no-shop provisions with fiduciary out.
Parent board expands by 2 seats for CHMI designees; AG MIT, LLC support agreement to vote shares in favor.

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