FARMINGDALE, N.J.--(BUSINESS WIRE)--Dec. 13, 2018--
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced
that its Board of Directors has declared a regular cash dividend of
$0.49 per share on the Company’s common stock for the fourth quarter of
2018. The Board of Directors also declared a $0.15 per share special
cash dividend on the Company’s common stock in order to fulfill the
requirement of distributing at least 90% of its annual REIT taxable
income to stockholders. The dividends will be payable in cash on January
29, 2019 to holders of the common stock of record as of the close of
business on December 31, 2018.
Additionally, Cherry Hill announced that its Board of Directors has
declared a dividend of $0.5125 per share on the Company’s 8.20% Series A
Cumulative Redeemable Preferred Stock for the fourth quarter of 2018.
The dividend will be payable in cash on January 15, 2019 to holders of
the Series A Preferred Stock of record as of the close of business on
December 31, 2018.
About Cherry Hill Mortgage Investment Corporation
Cherry Hill Mortgage Investment Corporation is a real estate finance
company that acquires, invests in and manages residential mortgage
assets in the United States. For additional information, visit www.chmireit.com.
This press release contains forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
other federal securities laws. These forward looking statements are
based upon the Company’s present expectations, but these statements are
not guaranteed to occur. For a description of factors that may cause the
Company's actual results or performance to differ from its
forward-looking statements, please review the information under the
heading “Risk Factors” included in the Company's Annual Report on Form
10-K for the year ended December 31, 2017, and other documents filed by
the Company with the Securities and Exchange Commission.
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Source: Cherry Hill Mortgage Investment Corporation