Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the First Quarter 2024

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company’s common stock for the first quarter of 2024. The dividend will be payable in cash on April 30, 2024 to holders of the common stock of record as of the close of business on March 28, 2024.

Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on the Company’s 8.20% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.515625 per share on the Company’s 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the first quarter of 2024. The dividends will be payable in cash on April 15, 2024 to holders of the applicable Series of Preferred Stock of record as of the close of business on March 28, 2024.

About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. For additional information, visit www.chmireit.com.

Forward-Looking Statements

This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including, among others, statements relating to the Company’s long-term growth opportunities and strategies, expand its market opportunities and create its own Excess MSRs and its ability to generate sustainable and attractive risk-adjusted returns for stockholders. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. For a description of factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and other documents filed by the Company with the Securities and Exchange Commission.

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Investor Relations

(877) 870 – 7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What dividend did Cherry Hill Mortgage Investment Corporation declare for the first quarter of 2024?

Cherry Hill Mortgage Investment Corporation declared a dividend of $0.15 per share for common stock, $0.5125 per share for Series A Preferred Stock, and $0.515625 per share for Series B Preferred Stock.

When will the dividends be payable for the first quarter of 2024?

The dividends will be payable in cash on April 30, 2024, for common stock and on April 15, 2024, for Series A and Series B Preferred Stock.

What is the record date for holders of common stock for the first quarter of 2024 dividends?

The record date for holders of common stock for the first quarter of 2024 dividends is March 28, 2024.

What is the dividend amount for Series A Preferred Stock for the first quarter of 2024?

The dividend amount for Series A Preferred Stock for the first quarter of 2024 is $0.5125 per share.

What is the dividend amount for Series B Preferred Stock for the first quarter of 2024?

The dividend amount for Series B Preferred Stock for the first quarter of 2024 is $0.515625 per share.