Cherry Hill Mortgage Investment Corp — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 92/100
What the filing says
On August 9, 2026, TPG Mortgage Investment Trust (MITT) agreed to acquire Cherry Hill Mortgage Investment Corp in an all-stock-and-cash deal valued at $117.5 million ($3.10/share), representing a 29% premium to Cherry Hill's closing price on August 7, 2026. Each Cherry Hill common shareholder will receive 0.3063 MITT shares plus $0.93 cash per share. The transaction is expected to close in Q4 2026, subject to stockholder approval and customary conditions. Cherry Hill's Q2 2026 results showed GAAP net income of $1.3 million ($0.04/share) and EAD of $5.5 million ($0.15/share), with book value of $3.16/share and 5.02x leverage.
Why this rating
Acquisition at 29% premium to market price eliminates standalone company risk; represents 121% of market cap. Transformational M&A for $97.4M company; eliminates equity-price uncertainty and returns capital.
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