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AI brief of an SEC Form 8-K · TPG Mortgage Investment Trust, Inc. (MITT)

TPG Mortgage Investment Trust to acquire Cherry Hill Mortgage in $117.5 million stock and cash deal

Mixed Impact 5 of 5 m&a Written later

TPG Mortgage Investment Trust (MITT) signed a merger agreement dated August 9, 2026, under which Cherry Hill Mortgage Investment Corporation (CHMI) will merge into a MITT subsidiary. CHMI holders would receive 0.3063 MITT shares and $0.93 in cash per share, and MITT holders are expected to own about 73% of the combined company, so the deal adds share issuance and cash costs while the companies say it will be accretive to earnings within one year of closing.

Key points

  • Per CHMI share: 0.3063 MITT common shares plus $0.93 in cash, with $0.52 from MITT's manager and $0.41 from MITT
  • The companies value the deal at $3.10 per CHMI share, a 29% premium to CHMI's August 7, 2026 closing price and a 32% premium to its 30-day VWAP
  • Expected to close in the fourth quarter of 2026, subject to MITT and CHMI stockholder approvals and regulatory approvals
  • Termination fees: $7,990,000 payable by MITT and $4,700,000 payable by CHMI in certain circumstances

The filing

CompanyTPG Mortgage Investment Trust, Inc. (MITT)
Form8-K, current report
Filed with the SECAug 10, 2026, 7:00 AM ET
Accession number0001628280-26-054986

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

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.