Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in, and manages residential mortgage assets in the United States. Incorporated in Maryland on October 31, 2012, the company began operations on October 9, 2013, after its initial public offering. Its common stock, 8.20% Series A Cumulative Redeemable Preferred Stock, and 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock are traded on the New York Stock Exchange under the symbols "CHMI", "CHMI-PRA", and "CHMI-PRB", respectively. The company operates to qualify as a Real Estate Investment Trust (REIT), requiring it to distribute at least 90% of its REIT taxable income annually to stockholders. CHMI Solutions, Inc., its taxable REIT subsidiary, and Aurora Financial Group, Inc., its licensed mortgage servicing subsidiary, are subject to corporate income taxes. The company's main goal is to provide attractive current yields and risk-adjusted total returns to stockholders through dividend distributions and capital appreciation. It achieves this by building and managing a portfolio of Servicing Related Assets and residential mortgage-backed securities (RMBS). The company may also invest in other cash-flowing residential mortgage assets, depending on market conditions. Its business operates through two segments: investments in RMBS and investments in Servicing Related Assets.