C H E R R Y H I L L L MORTGAGE INVESTMENT CORPORATION Fourth Quarter 2023 CAUTIONARY NOTE REGARDING EXPECTED RETURNS AND EXPECTED YIELDS. Expected returns and expected yields are presented for illustrative purposes only and are estimates of the annualized effective rate of return that we presently expect to be earned over the expected average life of an investment (i.e., IRR), after giving effect, in the case of returns, to existing leverage and existing hedging costs, and calculated on a weighted average b ...

Company Participants Julian Evans - Chief Investment Officer Conference Call Participants Good day, and thank you for standing by. Welcome to the Cherry Hill Mortgage Investment Corporation Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakersÂ' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that todayÂ's conference is being recorded. Garrett Edson In addition to this call, we have filed a press r ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36099 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|---------------------| | | | | Title of Each Class | Trading Symbol(s) | | Common St ...

FARMINGDALE, NJ – March 7, 2024 — Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the fourth quarter and full year 2023. Cherry Hill reported GAAP net loss applicable to common stockholders for the fourth quarter of 2023 of $35.5 million, or $1.29 per basic and diluted weighted average common share outstanding. Reported GAAP net loss was determined based primarily on the following: $0.4 million of net interest expense, $9.7 million of net ...

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release fourth quarter and full year 2023 financial results after the market closes on March 7, 2024. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company’s fourth quarter and full year 2023. Webcast: A live webcast of the conference call will be available in the investor relations section of the Company’s website at www.chmireit.com. To lis ...

FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (the “Company” or “CHMI”) (NYSE: CHMI) today announced the estimated Federal income tax treatment of the Company’s 2023 distributions on its common and preferred stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions. Common Stock     Total     Record Payable Distributions Total Ordinary ...

So I think what weÂ're trying to do here is over time get a better picture of what spreads normalized would look like in an environment where the Fed is not an active participant in the space and how tight those spreads should get relative to the relative value in the space. And because, quite honestly, we donÂ't have the perfect answer to that, we have chosen to, one, hedge a fair amount of that out with TBA to protect ourselves from the volatility in the space today; and two, the cost to hedge with TBAs t ...

C H E R R Y H I L L L MORTGAGE INVESTMENT CORPORATION Third Quarter 2023 Legal Disclaimer FORWARD-LOOKING STATEMENTS. Certain statements in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation references to potential or expected future cash flows, estimated or expected returns, sometimes referred to as initial IRR, updated IRR, expected IRR, lifetime IRR, life-to-date IRR or current-to-maturity IR ...

FORM 10-Q For the quarterly period ended September 30, 2023 CHERRY HILL MORTGAGE INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|-------| | FORWARD-LOOKING INFORMATION | 5 | | PART I. FINANCIAL INFORMATION | 7 | | Item 1. Consolidated Financial Statements | 7 | | Consolidated Balance Sheets | 7 | | Consolidated Statements of Income (Loss) | 8 | ...

The Company enters into a variety of derivative instruments as part of its economic hedging strategies. The Company executes interest rate swaps, swaptions, TBAs and U.S. treasury futures. The Company utilizes third-party pricing providers to value its derivative instruments. The third-party pricing providers develop their pricing based on transaction prices of recent trades for similar financial instruments. If recent trades for similar financial instruments are unavailable, the third-party pricing provide ...