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Stock impact report

Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process

Cherry Hill Mortgage Investment Corporation (CHMI) 
Last cherry hill mortgage investment corporation earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.chmireit.com
Company Research Source: Business Wire
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (the “Company”) today announced that the Company has commenced operations as a fully integrated, internally managed mortgage REIT and has terminated the management agreement with its external manager, Cherry Hill Mortgage Management, LLC (the “Manager”), effective as of November 14, 2024.The management agreement was terminated upon the completion of an internalization event in which, among other things, the Company entered into employment arrangements with the Company’s senior management team and other personnel supporting the Company’s business. No termination fee is payable to the Manager, and the Company will not pay management fees to the Manager from and after the effective date of termination of the management agreement.“We are very pleased to have completed the internalization process and begin our evolution as a fully integrated mortgage REIT,” said Jay Lown, President and CEO of Show less Read more
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