$CHMI

TPG Mortgage (MITT) to acquire Cherry Hill Mortgage (CHMI) in a cash-and-stock deal valued at $3.10 per CHMI share, a 29% premium. MITT reported stronger Q2 2026 financials than CHMI, with better dividend coverage and lower leverage. The merger, expected to close in Q4 2026, aims to expand MITT's portfolio and capture synergies, but faces integration challenges and interest rate sensitivity.

AG Mortgage Investment Trust (MITT) is merging with Cherry Hill Mortgage Investment (CHMI). MITT's portfolio mainly includes non-qualified-mortgage and home equity loans. The merger is seen as supportive of the bonds, according to Systematic Income.

Two Harbors (TWO) is pinned at $12 ahead of a cash buyout, Cherry Hill (CHMI) surged 21% on a merger with MITT, and Invesco (IVR) operates independently, paying a 19% annualized monthly dividend. The 10-year Treasury yield at 4.72% impacts their strategies. TWO's dividend is decreasing, CHMI's is being absorbed, and IVR is growing its portfolio.

TPG Mortgage Investment Trust (MITT) will acquire Cherry Hill Mortgage Investment Corporation (CHMI) for $117.5 million, a 29% premium. CHMI shareholders will receive 0.3063 MITT shares plus $0.93 in cash per share. The deal, expected to close in Q4 2026, creates a larger residential mortgage REIT with a $9 billion portfolio. MITT shareholders will own 73% of the combined company, with the transaction anticipated to be accretive to earnings within a year.

Two Harbors (TWO) is pinned at $12 ahead of its $12 buyout, while Cherry Hill (CHMI) surged 21% on a merger with MITT offering a 29% premium. Invesco Mortgage (IVR) operates independently, paying a 19% annualized monthly dividend from an $8.2B Agency portfolio. Each REIT has distinct risk profiles and strategies.

Cherry Hill Mortgage (CHMI) agreed to be acquired by TPG Mortgage Investment Trust (MITT) in a deal signed Aug. 9, 2026, expected to close in 4Q26. Each CHMI share gets 0.3063 MITT shares plus $0.93 cash, valuing the deal at about $3.10 per CHMI share (29% premium). CHMI reports 2Q26 EAD of $0.15/share and dividend coverage near 1.5x.

Citizens downgraded Cherry Hill Mortgage Investment Corp. (CHMI) to Market Perform from Market Outperform after an acquisition announcement. TPG Mortgage Investment Trust (MITT) will buy CHMI in a cash and stock deal worth $117.5 million, or $3.10 per share, about a 30% premium. Citizens cites valuation versus peers; CHMI trades near $2.79.

TPG Mortgage Investment Trust (MITT) will acquire Cherry Hill Mortgage Investment Corp. (CHMI) in a cash-and-stock deal valued at $117.5 million, creating a $9 billion portfolio with 72% non-agency residential credit. MITT reported a $7.7 billion portfolio and $9 million net income. Boards approved; expected close in Q4.

TPG Mortgage Investment Trust (MITT) held its Q2 2026 earnings call and said it has a definitive agreement to acquire Cherry Hill Mortgage Investment Corporation, expecting a close in Q4 2026. MITT reported book value rising from $9.97 to $10 per share and EAD of $0.24 per share, covering a $0.24 dividend. It cited $7m to $9m annual G&A synergies and a $750m equity base.

Cherry Hill Mortgage Investment Corp (CHMI) reported Q2 2026 revenue of $7.878M, up from $6.037M a year earlier. Net income rose to $3.794M from $1.561M, and diluted EPS was $0.04 versus -$0.03. The company cited improved net interest and servicing income, plus gains from hedging and trading, in its Aug. 10, 2026 10-Q.