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Cherry Hill Mortgage Investment Corporation Announces Taxable Composition of 2024 Dividends

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Cherry Hill Mortgage Investment (NYSE: CHMI) has announced the estimated Federal income tax treatment of its 2024 dividend distributions for both common and preferred stock. For common stock, the total distributions per share will be $0.60 annually ($0.15 quarterly), split equally between ordinary dividends ($0.30) and nondividend distributions ($0.30).

The 8.20% Series A Preferred Stock will receive total distributions of $2.05 per share for 2024, paid as $0.5125 quarterly, all classified as ordinary dividends. The 8.250% Series B Fixed-to-Floating Rate Preferred Stock will receive varying quarterly payments totaling $2.4556 per share for 2024, with payments increasing in the latter half of the year, all classified as ordinary dividends.

Cherry Hill Mortgage Investment (NYSE: CHMI) ha annunciato il trattamento fiscale federale stimato per la distribuzione dei dividendi del 2024 sia per le azioni ordinarie che per quelle privilegiate. Per le azioni ordinarie, le distribuzioni totali per azione saranno di $0.60 all'anno ($0.15 trimestrale), suddivise equamente tra dividendi ordinari ($0.30) e distribuzioni non da dividendi ($0.30).

Le azioni privilegiate di Serie A all'8.20% riceveranno distribuzioni totali di $2.05 per azione nel 2024, pagate come $0.5125 trimestrale, tutte classificate come dividendi ordinari. Le azioni privilegiate di Serie B con tasso fisso a variabile dell'8.250% riceveranno pagamenti trimestrali variabili per un totale di $2.4556 per azione nel 2024, con aumenti nei pagamenti nella seconda metà dell'anno, tutti classificati come dividendi ordinari.

Cherry Hill Mortgage Investment (NYSE: CHMI) ha anunciado el tratamiento fiscal federal estimado de sus distribuciones de dividendos de 2024 tanto para acciones comunes como preferentes. Para las acciones comunes, las distribuciones totales por acción serán de $0.60 anuales ($0.15 trimestrales), divididas equitativamente entre dividendos ordinarios ($0.30) y distribuciones no dividendos ($0.30).

Las acciones preferentes de la Serie A al 8.20% recibirán distribuciones totales de $2.05 por acción para 2024, pagadas como $0.5125 trimestrales, todas clasificadas como dividendos ordinarios. Las acciones preferentes de la Serie B con tasa fija a variable del 8.250% recibirán pagos trimestrales variables que totalizan $2.4556 por acción para 2024, con pagos que aumentan en la segunda mitad del año, todos clasificados como dividendos ordinarios.

체리 힐 모기지 투자 (NYSE: CHMI)는 일반 및 우선주에 대한 2024년 배당금 분배의 예상 연방 소득세 처리 방안을 발표했습니다. 일반주에 대해, 주당 총 분배는 연간 $0.60($0.15 분기별)이며, 이는 일반 배당금($0.30)과 비배당 분배($0.30)로 균등하게 나누어집니다.

8.20% 시리즈 A 우선주는 2024년에 주당 총 $2.05의 분배를 받으며, 분기별로 $0.5125가 지급되며, 모두 일반 배당금으로 분류됩니다. 8.250% 시리즈 B 고정-변동 금리 우선주는 2024년에 주당 총 $2.4556에 해당하는 다양한 분기별 지불을 받으며, 후반기에는 지급액이 증가하며 모두 일반 배당금으로 분류됩니다.

Cherry Hill Mortgage Investment (NYSE: CHMI) a annoncé le traitement fiscal fédéral estimé de ses distributions de dividendes pour 2024, tant pour les actions ordinaires que privilégiées. Pour les actions ordinaires, les distributions totales par action s'élèveront à 0,60 $ par an (0,15 $ par trimestre), réparties également entre les dividendes ordinaires (0,30 $) et les distributions non-dividende (0,30 $).

Les actions privilégiées de la série A à 8,20 % recevront des distributions totales de 2,05 $ par action pour 2024, payées à hauteur de 0,5125 $ par trimestre, toutes classées comme dividendes ordinaires. Les actions privilégiées de la série B à taux fixe à variable de 8,250 % recevront des paiements trimestriels variés totalisant 2,4556 $ par action pour 2024, avec des paiements augmentant dans la seconde moitié de l'année, tous classés comme dividendes ordinaires.

Cherry Hill Mortgage Investment (NYSE: CHMI) hat die geschätzte steuerliche Behandlung der föderalen Einkommenssteuer für die Dividendenausschüttungen 2024 sowohl für Stamm- als auch für Vorzugsaktien bekannt gegeben. Bei Stammaktien werden die Gesamtausschüttungen pro Aktie jährlich $0.60 ($0.15 vierteljährlich) betragen, aufgeteilt in ordentliche Dividenden ($0.30) und Nicht-Dividenden-Ausschüttungen ($0.30).

Die 8,20% Serie A Vorzugsaktien erhalten für 2024 Gesamtausschüttungen von $2.05 pro Aktie, die vierteljährlich als $0.5125 ausgezahlt werden, alle klassifiziert als ordentliche Dividenden. Die 8,250% Serie B Festzins-zu-Variabel Vorzugsaktien erhalten vierteljährliche Zahlungen, die in Summe $2.4556 pro Aktie für 2024 betragen und in der zweiten Jahreshälfte ansteigen, alle klassifiziert als ordentliche Dividenden.

Positive
  • Consistent quarterly dividend payments scheduled for common stock throughout 2024
  • Stable Series A Preferred Stock quarterly payments of $0.5125
  • Increasing payments for Series B Preferred Stock in second half of 2024
Negative
  • 50% of common stock distributions classified as nondividend distributions, potentially indicating earnings limitations

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 2024 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

12/29/2023

01/31/2024

 

$0.1500

 

$0.0750

 

$0.0750

03/28/2024

04/30/2024

 

$0.1500

 

$0.0750

 

$0.0750

06/28/2024

07/31/2024

 

$0.1500

 

$0.0750

 

$0.0750

09/30/2024

10/31/2024

 

$0.1500

 

$0.0750

 

$0.0750

Total

 

 

$0.6000

 

$0.3000

 

$0.3000

       

8.20% Series A Cumulative Redeemable Preferred Stock

 

 

 

Total

 

 

 

 

Record

Payable

 

Distributions

 

Total Ordinary

 

Nondividend

Date

Date

 

Per Share

 

Dividends

 

Distributions

12/29/2023

01/16/2024

 

$0.5125

 

$0.5125

 

-

03/28/2024

04/15/2024

 

$0.5125

 

$0.5125

 

-

06/28/2024

07/15/2024

 

$0.5125

 

$0.5125

 

-

09/30/2024

10/15/2024

 

$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

12/29/2023

01/16/2024

 

$0.5156

 

$0.5156

 

-

03/28/2024

04/15/2024

 

$0.5156

 

$0.5156

 

-

06/28/2024

07/15/2024

 

$0.7091

 

$0.7091

 

-

09/30/2024

10/15/2024

 

$0.7152

 

$0.7152

 

-

Total

 

 

$2.4556

 

$2.4556

 

-

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 2024 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 2023 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, 2023, and other documents filed by the Company with the Securities and Exchange Commission.

Cherry Hill Mortgage Investment Corporation

Investor Relations

(877) 870-7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is CHMI's common stock dividend payment schedule for 2024?

CHMI will pay quarterly dividends of $0.15 per share on January 31, April 30, July 31, and October 31, 2024, totaling $0.60 annually.

How much will CHMI Series A Preferred stockholders receive in 2024?

Series A Preferred stockholders will receive quarterly payments of $0.5125, totaling $2.05 per share for 2024.

Why do CHMI Series B Preferred Stock payments increase in 2024?

The Series B Fixed-to-Floating Rate Preferred Stock payments increase from $0.5156 to $0.7091 and $0.7152 in the latter half of 2024 due to its floating rate structure.

What is the tax treatment of CHMI's 2024 common stock distributions?

Half ($0.30) of the total common stock distributions ($0.60) will be treated as ordinary dividends, and half ($0.30) as nondividend distributions.

How are CHMI's preferred stock distributions taxed in 2024?

All preferred stock distributions (both Series A and Series B) will be treated as ordinary dividends for tax purposes.

Cherry Hill Mtg Invt Corp

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