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AI brief of an SEC Form 8-K · Cherry Hill Mortgage Investment Corp (CHMI)

Cherry Hill agrees to merge with MITT at implied $3.10 a share; Q2 net income $1.3 million

Positive Impact 5 of 5 m&a Written later

Cherry Hill Mortgage Investment Corp (CHMI) reported second quarter 2026 GAAP net income applicable to common stockholders of $1.3 million, or $0.04 per share, compared with a loss of $1.97 million, or $0.05 per share, in the first quarter. On August 9, 2026, it also agreed to a merger in which TPG Mortgage Investment Trust (MITT) will acquire CHMI; each CHMI common share would receive 0.3063 MITT shares and $0.93 in cash, an implied $3.10 per share based on MITT's August 7 closing price. The companies expect the deal to close in the fourth quarter of 2026, subject to stockholder and other approvals.

Key points

  • Q2 2026 EAD attributable to common stockholders was $5.5 million, or $0.15 per diluted share, up from $0.14 in Q1 2026.
  • Common book value per share was $3.16 at June 30, 2026; the company declared a $0.10 per share common dividend for Q2 2026.
  • Merger terms: 0.3063 MITT shares plus $0.93 in cash per CHMI share, an implied $3.10 per share and a 29% premium to CHMI's August 7, 2026 closing price.
  • The company will not host its August 10, 2026 webcast and conference call because of the pending transaction.

The filing

CompanyCherry Hill Mortgage Investment Corp (CHMI)
Form8-K, current report
Filed with the SECAug 10, 2026, 7:00 AM ET
Accession number0001140361-26-031932

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.