CHMI to Redeem Series B Preferred Stock

TL;DR

CHMI is calling its Series B preferred stock on July 15th for $25/share + dividends.

AI Summary

On June 13, 2024, Cherry Hill Mortgage Investment Corp. (CHMI) announced that its Board of Directors has approved a plan to redeem all outstanding shares of its Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption date is set for July 15, 2024, and the redemption price will be $25.00 per share, plus any accrued and unpaid dividends.

Why It Matters

This redemption will simplify CHMI's capital structure and potentially reduce its borrowing costs by eliminating a higher-cost preferred stock series.

Risk Assessment

Risk Level: low — The filing is a straightforward announcement of a planned redemption of preferred stock, with no indication of financial distress or unexpected events.

Key Numbers

• $25.00 — Redemption Price (Per share for Series B Preferred Stock)
• July 15, 2024 — Redemption Date (For Series B Preferred Stock)

Key Players & Entities

• Cherry Hill Mortgage Investment Corp. (company) — Registrant
• CHMI (company) — Ticker Symbol
• Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (company) — Redeemed Security
• July 15, 2024 (date) — Redemption Date
• $25.00 (dollar_amount) — Redemption Price per Share

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value CHMI NYSE 8.20% Series

Filing Documents

• ef20031185_8k.htm (8-K) — 49KB
• 0001140361-24-030193.txt ( ) — 230KB
• chmi-20240613.xsd (EX-101.SCH) — 5KB
• chmi-20240613_def.xml (EX-101.DEF) — 18KB
• chmi-20240613_lab.xml (EX-101.LAB) — 27KB
• chmi-20240613_pre.xml (EX-101.PRE) — 20KB
• ef20031185_8k_htm.xml (XML) — 8KB

07

Item 5.07. Submission of Matters to a Vote of Security Holders The annual meeting of stockholders (the "Annual Meeting") of Cherry Hill Mortgage Investment Corporation (the "Company" or "CHMI") was held on June 13, 2024. At the Annual Meeting, CHMI stockholders voted to (i) re-elect Jeffrey B. Lown II, Joseph Murin, Robert C. Mercer and Sharon Lee Cook to the Board of Directors to hold office until the next annual meeting of stockholders and until their successors are duly elected and qualified, (ii) approve, on a non-binding advisory basis, the compensation of the named executive officers of CHMI for the year ended December 31, 2023, as described in the proxy statement for the Annual Meeting, (iii) ratify the appointment of Ernst & Young LLP ("EY") as CHMI's independent registered public accounting firm for the fiscal year ending December 31, 2024 and (iv) approve the proposed amendment to the Company's charter to remove the board of directors' exclusive power to amend the Company's bylaws and make new bylaws (the "Charter Amendment"). The voting results with respect to each of these matters is set forth below: 1. Each of the nominees for election to the Board of Directors was re-elected. The voting results for each of the nominees for director were as follows: Nominee For Withheld Broker Non-Votes Jeffery B. Lown II 8,447,295 2,379,525 9,042,073 Joseph Murin 8,316,544 2,510,276 9,042,073 Robert C. Mercer Jr. 8,409,381 2,417,439 9,042,073 Sharon Lee Cook 8,400,724 2,426,096 9,042,073 2. The proposal to approve, on a non-binding, advisory basis, the compensation of the named executive officers of CHMI for the year ended December 31, 2023, as described in the proxy statement for the Annual Meeting, was approved. The voting results of the proposal were as follows: For Against Abstained Broker Non-Votes 6,598,491 3,529,767 698,562 9,042,073 3. The proposal to ratify the appointment of EY as CHMI's independent registered

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CHERRY HILL MORTGAGE INVESTMENT CORPORATION Date: June 14, 2024 By: /s/ Michael Hutchby Michael Hutchby Chief Financial Officer, Treasurer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR