Cherry Hill Mortgage Investment Corporation Announces Pricing of Public Offering of Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
The Company has granted the underwriters an option for 30 days to
purchase up to an additional 270,000 shares of its Series B Preferred
Stock to cover over-allotments. The offering is subject to customary
closing conditions and is expected to close on
The Company will contribute the net proceeds from the offering to its operating partnership in exchange for the operating partnership’s 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Units. The Company intends to cause its operating partnership to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of additional residential mortgage-related assets.
The offering is being made pursuant to the Company’s existing shelf
registration statement that was previously filed with the
Attention: Prospectus Department
Telephone: (800)
584-6837
Email: prospectus@morganstanley.com
Attention: Transaction Management
Telephone:
(866) 375-6829
Email: rbcnyfixedincomeprospectus@rbccm.com
The prospectus supplement and the accompanying prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About
Forward-Looking Statements Disclaimer
This press release contains forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
other federal securities laws. Forward-looking statements involve
numerous risks and uncertainties. The Company’s actual results may
differ from the Company’s beliefs, expectations, estimates and
projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events.
Forward-looking statements are not historical in nature and can be
identified by words such as “anticipate,” “estimate,” “will,” “should,”
“expect,” “believe,” “intend,” “seek,” “plan” and similar expressions or
their negative forms, or by references to strategy, plans, or
intentions. Forward-looking statements are based on the Company’s
beliefs, assumptions and expectations of the Company’s future
performance, taking into account information currently available to it.
No assurance can be given that the offering discussed above will be
consummated, or that the net proceeds of the offering will be used as
indicated. Consummation of the offering and the application of the net
proceeds of the offering are subject to numerous possible events,
factors and conditions, many of which are beyond the control of the
Company and not all of which are known to it, including, without
limitation, market conditions and those described under the heading
“Risk Factors” in the prospectus supplement relating to the offering and
in the Company’s Annual Report on Form 10-K for the year ended
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Source:
Cherry Hill Mortgage Investment Corporation
Investor Relations,
877-870-7005
InvestorRelations@CHMIreit.com