CHMI, US1646512004

Cherry Hill Mortgage stock faces a merger vote on December 2, 2026

Published on 10/04/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cherry Hill Mortgage stock was last at USD 2.64 on October 2, 2026, as merger terms set a December 2 shareholder vote. Eligible holders would receive 0.3063 MITT shares plus two cash payments.

CHMI, US1646512004, Illustration mit AI erstellt.

Cherry Hill Mortgage Investment Corporation (ISIN US1646512004) was last at USD 2.64 on the NYSE on October 2, 2026, with a 52-week range of USD 2.17 to USD 2.98. The proposed merger with TPG Mortgage Investment Trust now gives CHMI shareholders a defined vote date and a detailed exchange package, according to StockTitan on October 2, 2026.

Merger terms set the vote

Under the proposed transaction, each eligible CHMI common share would convert into 0.3063 MITT common shares, USD 0.41 from MITT and USD 0.52 from the MITT manager. The terms remain subject to shareholder and regulatory approvals, so the consideration is proposed rather than final.

CHMI shareholders will vote virtually on December 2, 2026, at 9:00 a.m. ET. The CHMI board has approved the merger agreement and recommends voting for the transaction, while approval requires at least a majority of outstanding CHMI common shares entitled to vote, according to StockTitan.

Quarterly figures show the tradeoff

Cherry Hill reported USD 1.3 million of GAAP net income applicable to common stockholders and USD 0.04 of GAAP earnings per share for the second quarter of 2026. The same release highlighted USD 5.5 million of earnings available for distribution, or USD 0.15 per diluted share, and common book value of USD 3.16 per share at June 30, 2026, according to Business Wire.

The results also show the difference between accounting earnings and the distribution measure: EAD per diluted share was USD 0.15, compared with GAAP earnings per share of USD 0.04. That distinction matters because the company is continuing to declare a USD 0.10 common dividend for the third quarter of 2026, payable on October 30, 2026, according to Business Wire.

CHMI trades below book value

At USD 2.64 on October 2, 2026, CHMI stood below the USD 3.16 common book value reported for June 30, 2026, while the stock remained below its USD 2.98 52-week high. The latest quote showed 191,411 shares traded and a market capitalization of USD 97.0 million.

For shareholders, the merger vote is the central near-term event: the proposed consideration combines a fixed stock exchange ratio with USD 0.93 in aggregate cash payments from MITT and its manager. The December 2 decision will determine whether that structure replaces CHMI's standalone listing.