Cherry Hill Mortgage Investment Corp (CHMI) Form 8-K — Aug 10, 2026
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) entered into a definitive Agreement and Plan of Merger on August 9, 2026 to be acquired by TPG Mortgage Investment Trust, Inc. Under the two-step structure, Cherry Hill Operating Partnership first merges into CHMI, and CHMI then merges into TPG's MIT Merger Sub II, LLC, with the TPG entity surviving. Each CHMI common share will be converted into 0.3063 shares of TPG Mortgage Investment Trust common stock plus $0.41 per share in cash from Parent and an additional $0.52 per share in cash from AG REIT Management, for $0.93 of total cash per share.
Key figures
- Outside Date
- March 9, 2027
- Exchange Ratio
- 0.3063
- Total Cash Per Share
- $0.93
- Outside Date Extension
- Additional 60 days if only regulatory approval conditions remain unsatisfied
- Per Share Cash From Parent
- $0.41
- Parent Termination Fee Usd
- 7990000
- Company Termination Fee Usd
- 4700000
- Parent Board Seats For CHMIDirectors
- 2
- Per Share Additional Manager Consideration
- $0.52
Price after filing
Close on the filing date to close N calendar days later (from $2.41). Historical, not a forecast.
AI analysis
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