Cherry Hill Mortgage Investment Corp | 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CHMI.PRB)
Prospectus excerpt: Cherry Hill Mortgage Investment Corporation is offering to the public 1,800,000 shares of its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, or the Series B Preferred Stock. This is an original issuance of the Series B Preferred Stock. Holders of Series B Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, April 15, 2024 at a fixed rate equal to 8.250% per annum of the $25.00 per share liquidation preference (equivalent to $2.0625 per annum per share) and (ii) from and including April 15, 2024, at a floating rate equal to three-month LIBOR plus a spread of 5.631% per annum. Dividends will be payable quarterly in arrears on the 15th day of each January, April, July and October, when and as authorized by our board of directors and declared by us, beginning on April 15, 2019. Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series B Preferred Stock.
Full Prospectus PDF », Secondary Prospectus PDF », CHMI Page »
|
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. Preferreds: CHMI.PRA, CHMI.PRB Open the CHMI Information Page » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|