CHMI, US1646512004

Cherry Hill merger set a December 2 vote for Cherry Hill Mortgage stock

Published on 10/14/2026 at 01:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Merger terms offer 0.3063 MITT shares, USD 0.41 and USD 0.52 cash per CHMI common share. Cherry Hill Mortgage stock faces a December 2, 2026 vote.

Merger vote and exchange terms

Cherry Hill Mortgage filed merger materials dated October 8, 2026, with a December 2 vote.
Eligible common holders would receive 0.3063 MITT shares, USD 0.41 and USD 0.52 in cash.
CHMI stockholders must submit votes by 11:59 p.m. Eastern Time on December 1, 2026.

CHMI, US1646512004, Illustration mit AI erstellt.

Cherry Hill Mortgage Investment Corporation (US1646512004) had a proposed merger set for a December 2, 2026 shareholder vote, according to the October 8, 2026 StockTitan filing. The proposed terms include 0.3063 MITT common shares, USD 0.41 in cash from MITT and USD 0.52 from MITT Manager for each eligible CHMI common share.

Three dated company milestones

As of June 30, 2026, Cherry Hill Mortgage reported a 17.20 percent dividend yield, USD 3.16 book value per share, USD 15.2 billion of unpaid principal balance in mortgage servicing rights and USD 1.3 billion of investable assets, according to Cherry Hill Mortgage.

For the second quarter of 2026, adjusted earnings available for distribution were USD 0.15 per share versus USD 0.13 consensus, as reported by GNG Research on August 10, 2026. The October 8, 2026 merger filing then specified the 0.3063 exchange ratio and the two cash payments.

What does the merger mean for holders?

The transaction separates the outcome by security class. Common holders receive a fixed stock-and-cash package, while each Series A preferred share would convert into one MITT Series D preferred share and each Series B preferred share into one MITT Series E preferred share, according to StockTitan. The proposed closing remains subject to shareholder and regulatory approvals.

Two dates define the vote

The CHMI special meeting is scheduled for December 2, 2026, at 9:00 a.m. Eastern Time. Votes submitted by telephone must arrive by 11:59 p.m. Eastern Time on December 1, 2026, according to StockTitan. Completion is expected in the fourth quarter of 2026 and requires approval of the CHMI merger proposal by at least a majority of outstanding eligible common shares.

Preferred holders receive replacement shares

The filing preserves the stated preferred-stock structure through replacement MITT securities, while the common-stock consideration combines a fixed exchange ratio with USD 0.93 in total cash per eligible share. The proposed merger therefore puts the December vote at the center of the near-term corporate timeline.