TPG Mortgage Investment Trust, Inc. (MITT) Form 424B3 — Oct 8, 2026
TPG Mortgage Investment Trust (MITT) filed a 424B3 joint proxy statement/prospectus for its proposed acquisition of Cherry Hill Mortgage Investment (CHMI) under the August 9, 2026 Merger Agreement. Each CHMI common share will be converted into 0.3063 MITT shares plus $0.41 cash from MITT and $0.52 cash from MITT Manager; CHMI preferred shares will exchange into new MITT Series D and Series E preferred stock. Both boards unanimously recommend approval.
Key figures
- Exchange Ratio
- 0.3063
- Record Date
- 2026-10-02
- Ownership Split
- MITT ~73% / former CHMI ~27%
- Termination Date
- 2027-03-09 (extendable 60 days for regulatory approvals)
- Proxy Solicitor Fees
- MITT ~$20,000 (D.F. King); CHMI ~$55,000 (Georgeson)
- Special Meeting Date
- 2026-12-02
- Ag Mit Chmi Shares Owned
- 734800
- Pro Forma Stockholders Equity
- ~$740 million
- Mitt Common Stock Capitalization
- $422 million
- Per Share Mitt Cash Consideration
- $0.41
- Pro Forma Common Equity Market Cap
- ~$259 million (at $5.97 close on 2026-09-29)
- Preferred Liquidation Preference
- $338 million
- Chmi Shares Outstanding Record Date
- 36947394
- Mitt Shares Outstanding Record Date
- 31803475
- Mitt Preferred Stock Capitalization
- $318 million
- Per Share Additional Manager Consideration
- $0.52
AI analysis
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