Cherry Hill Mortgage to be acquired by TPG Mortgage Investment Trust in $117.5M deal

Cherry Hill Mortgage Investment Corp

MITT to acquire CHMI; holders get 0.3063 MITT shares + $0.93 cash per CHMI share, implying $3.10/share (29% premium to Aug 7 close).
Q2 2026 GAAP net income $1.3M ($0.04/share); EAD $5.5M ($0.15/share); book value $3.16/share.
Common dividend $0.10/share declared; annualized yield 16.6% based on Aug 7 close.
Portfolio leverage 5.02x; MSR portfolio UPB $15.2B; RMBS portfolio ~$1.1B.
Deal expected to close Q4 2026, subject to CHMI and MITT stockholder approvals.

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