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Cherry Hill Mortgage Investment Corporation to Pay Previously Announced Quarterly Dividend on Common Stock of $0.40 Per Share 50% in Cash and 50% in Stock
The Company also announced that it will pay the previously declared dividends on its 8.20% Class A Cumulative Redeemable Preferred Stock and its 8.250% Class B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock in cash in the ordinary course.
In accordance with
An information letter and election form will be mailed to stockholders of record promptly after
“Due to the significant market volatility related to the COVID-19 pandemic since we announced our first quarter common share dividend two weeks ago, the Board made the difficult but prudent decision to change the form of the common stock dividend in order to preserve liquidity,” said
The Company cannot provide any assurances that the rapidly evolving macroeconomic conditions will not impact the Company.
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including, among others, statements relating to the Company’s long-term growth opportunities and strategies, expand its market opportunities and create its own Excess MSRs and its ability to generate sustainable and attractive risk-adjusted returns for stockholders. 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
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