Cherry Hill Mortgage 8.25% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 2/4/2019
Shares Issued 1,800,000 Overallotment Shares 270,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol CHMI-B OTC TempTicker CRYIP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 4/15/2019
Quarterly Dividend .516 Annual Dividend 2.06
Coupon is fixed at 8.25% until 4/14/2024 afterwhich it will float at a rate of 3 month Libor plus a spread of 5.631%
Securities may be redeemed, at the issuers option, as early as 4/15/2024 the call price is $25 plus accrued dividends
Dividend Payment NOT will be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)
Maturity Date None
Company Investor Relations Page for Cherry Hill Mortgage Investment
Click here to find the offering Prospectus and/or Final Pricing Document
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