Cherry Hill Mortgage Investment Corporation Announces Taxable Composition of 2022 Dividends

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has released the estimated Federal income tax treatment for its 2022 distributions on common and preferred stocks. Shareholders are advised to consult personal tax advisors regarding the treatment of these distributions. Key details include common stock distributions of $1.080 per share, with ordinary dividends totaling $0.648. The preferred stock distributions are $2.0500 for Series A and $2.0625 for Series B, both fully qualifying as dividends. Payment dates across both stock types range from January to October 2022.

Positive

• Dividend payment of $1.080 per share on common stock indicates ongoing shareholder returns.
• Preferred stock distributions of $2.0500 for Series A and $2.0625 for Series B signify strong commitment to preferred shareholders.

Negative

• None.

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (the “Company” or “CHMI”) (NYSE: CHMI), today announced the estimated Federal income tax treatment of the Company’s 2022 distributions on its common and preferred stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions.

Common Stock
		Total
Record	Payable	Distributions	Total Ordinary	Nondividend
Date	Date	Per Share	Dividends	Distributions
12/31/2021	01/25/2022	$0.270	$0.162	$0.108
03/31/2022	04/26/2022	$0.270	$0.162	$0.108
06/30/2022	07/26/2022	$0.270	$0.162	$0.108
09/30/2022	10/25/2022	$0.270	$0.162	$0.108
Total		$1.080	$0.648	$0.432
8.20% Series A Cumulative Redeemable Preferred Stock
		Total
Record	Payable	Distributions	Total Ordinary	Nondividend
Date	Date	Per Share	Dividends	Distributions
12/31/2021	01/18/2022	$0.5125	$0.5125	-
03/31/2022	04/18/2022	$0.5125	$0.5125	-
06/30/2022	07/15/2022	$0.5125	$0.5125	-
09/30/2022	10/17/2022	$0.5125	$0.5125	-
Total		$2.0500	$2.0500	-
8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
		Total
Record	Payable	Distributions	Total Ordinary	Nondividend
Date	Date	Per Share	Dividends	Distributions
12/31/2021	01/18/2022	$0.5156	$0.5156	-
03/31/2022	04/18/2022	$0.5156	$0.5156	-
06/30/2022	07/15/2022	$0.5156	$0.5156	-
09/30/2022	10/17/2022	$0.5156	$0.5156	-
Total		$2.0625	$2.0625	-

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 estimated Federal income tax treatment of the Company’s 2022 distributions on its common and preferred stock, long-term growth opportunities and strategies, 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, estimates and assumptions, but these statements are not guaranteed to occur. The actual Federal income tax treatment of the Company’s 2022 distributions could differ from estimated amounts. 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, 2021, and other documents filed by the Company with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005738/en/

Cherry Hill Mortgage Investment Corporation

Investor Relations

(877) 870-7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the dividend amount for Cherry Hill Mortgage Investment Corporation (CHMI) in 2022?

The total dividend amount for common stock in 2022 is $1.080 per share.

When are the payment dates for dividends for CHMI?

Payment dates for CHMI's dividends range from January 25, 2022, to October 25, 2022.

What is the tax treatment of CHMI's 2022 distributions?

Shareholders are advised to consult their tax advisors regarding the estimated Federal income tax treatment.

How do the preferred dividends compare to common dividends for CHMI?

Preferred stock dividends total $2.0500 for Series A and $2.0625 for Series B, while common dividends amount to $1.080.