Cherry Hill Mortgage Investment Corp | 8.20% Series A Cumulative Redeemable Preferred Stock (CHMI.PRA)
Prospectus excerpt: Cherry Hill Mortgage Investment Corporation is offering to the public 2,200,000 shares of its 8.20% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, or the Series A Preferred Stock. This is an original issuance of the Series A Preferred Stock. Holders of Series A Preferred Stock will be entitled to receive cumulative cash dividends at a rate of 8.20% per annum of the $25.00 per share liquidation preference (equivalent to $2.05 per annum per share). Dividends will be payable quarterly in arrears on the 15th day of each January, April, July and October, when and as declared, beginning on October 15, 2017. Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series A Preferred Stock.
Cherry Hill Mortgage Investment is a holding company. Through its subsidiaries, Co. is a real estate investment trust. Co. is a residential real estate finance company focused on acquiring, investing in and managing residential mortgage assets in the U.S. Co. is externally managed by Cherry Hill Mortgage Management, LLC, an investment adviser. Co. operates its business through the following segments: investments in residential mortgage-backed securities (RMBS) and investments in Servicing Related Assets. Co.'s primary targeted asset classes consist of: RMBS, including Agency RMBS; and Servicing Related Assets consisting of mortgage servicing rights (MSRs) and Excess MSRs.