Cherry Hill Mortgage Investment Corporation Announces Taxable Composition of 2021 Dividends

Rhea-AI Summary

Cherry Hill Mortgage Investment Corporation (CHMI) announced the estimated Federal income tax treatment for its 2021 distributions on common and preferred stock. Shareholders are advised to consult tax advisors regarding their specific tax treatment. The company reported total distributions of $1.08 per share for common stock, with a dividend of $0.27 per share recorded and payable on four occasions. For preferred stock, cumulative distributions amounted to $2.0625 per share. Detailed tax implications may vary, highlighting the importance of individual consultation.

Positive

• Total distributions for common stock at $1.08 per share potentially enhancing shareholder income.
• Preferred stock cumulative distributions totaling $2.0625 may reflect company confidence in maintaining dividend commitments.

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 2021 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
12/31/2020	01/26/2021	$0.27	$0.00	$0.27
03/31/2021	04/27/2021	$0.27	$0.00	$0.27
06/30/2021	07/27/2021	$0.27	$0.00	$0.27
09/30/2021	10/26/2021	$0.27	$0.00	$0.27
Total		$1.08	$0.00	$1.08
8.20% Series A Cumulative Redeemable Preferred Stock
		Total
Record	Payable	Distributions	Total Ordinary	Nondividend
Date	Date	Per Share	Dividends	Distributions
12/31/2020	01/15/2021	$0.5125	$0.05125	$0.46125
03/31/2021	04/15/2021	$0.5125	$0.05125	$0.46125
06/30/2021	07/15/2021	$0.5125	$0.05125	$0.46125
09/30/2021	10/15/2021	$0.5125	$0.05125	$0.46125
Total		$2.0500	$0.20500	$1.84500
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
12/31/2020	01/15/2021	$0.5156	$0.051563	$0.464063
03/31/2021	04/15/2021	$0.5156	$0.051563	$0.464063
06/30/2021	07/15/2021	$0.5156	$0.051563	$0.464063
09/30/2021	10/15/2021	$0.5156	$0.051563	$0.464063
Total		$2.0625	$0.206252	$1.856252

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 2021 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 2021 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, 2020, 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/20220210005995/en/

Cherry Hill Mortgage Investment Corporation

Investor Relations

(877) 870-7005

InvestorRelations@CHMIreit.com

Source: Cherry Hill Mortgage Investment Corporation

FAQ

What is the estimated tax treatment for CHMI's 2021 distributions?

CHMI's estimated Federal income tax treatment for its 2021 distributions can vary, and shareholders are advised to consult their tax advisors for specific implications.

What is the total distribution amount for CHMI common stock in 2021?

The total distribution amount for CHMI common stock in 2021 is $1.08 per share.

When are CHMI dividends paid for common stock?

CHMI paid dividends for common stock four times in 2021, each at $0.27 per share.

What are the preferred stock distributions for CHMI in 2021?

The total cumulative distributions for CHMI's preferred stock in 2021 amount to $2.0625 per share.