Cherry Hill Mortgage 8.25% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Issued  2/4/2019

Shares Issued   1,800,000    Overallotment Shares  270,000

S&P Rating   NR    Moodys Rating   NR

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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%

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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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