$MITT

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.

TPG Mortgage Investment Trust (MITT) shares rose 6.5% to $6.73 after Q2 results showed earnings available for distribution of $0.24 per share, fully covering the $0.24 dividend. The article cites Q2 revenue of $23.117 million and net income of $9.092 million, with book value per share around $10.00.

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.

MITT held its Q2 2026 earnings call, discussing its planned acquisition of Cherry Hill Mortgage Investment Corporation, expected to close in Q4. Management said the deal would raise market cap about 36% and create about $7m to $9m annual cost synergies. MITT reported book value up to $10/share, EAD of $0.24/share covering a $0.24 dividend, and expects incremental EAD of about $0.20 annually from legacy asset resolutions.

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.

AG Mortgage Investment Trust (MITT) reported Q2 earnings available for distribution (EAD) of $0.24 per share, matching its $0.24 dividend. Net interest income was $0.65 per share versus $0.45 per share of expenses and preferred dividends, yielding $0.20 net earnings. MITT expects >$1.25B securitizations in Q3, $7.7B portfolio, and $30M capital release from legacy commercial loan resolutions.