Cherry Hill Mortgage Investment Corporation Announces Taxable Composition of 2024 Dividends

FARMINGDALE, N.J.--(BUSINESS WIRE)--January 27, 2025-- 

Cherry Hill Mortgage Investment Corporation (the "Company" or "CHMI") $(CHMI)$ 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 
                                                 Total 
   Record         Payable      Distributions   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 
                                                 Total 
   Record         Payable      Distributions   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 
                                                 Total 
   Record         Payable      Distributions   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.

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    CONTACT:    Cherry Hill Mortgage Investment Corporation 

Investor Relations

(877) 870-7005

InvestorRelations@CHMIreit.com

(END) Dow Jones Newswires

January 27, 2025 17:00 ET (22:00 GMT)