Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 38

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 38
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IT, we are limited in our ability to grow our book value per share of common stock and our equity capital base through the reinvestment of retained earnings from our business operations. We produce earnings through income we generate on our investments in residential mortgage assets, net of the interest we pay to finance our assets and the other expenses we incur to operating our business. The nature of our business model is a key factor the Compensation Committee considers in determining the amount of equity compensation to be awarded to our NEOs. Company Performance Highlights

|                                                                       |     |    2024 |
| Net income (loss) allocable to common stockholders                    |     |  $2,079 |
| Earnings available for distribution (“EAD”) to common stockholders(1) |     | $12,131 |
| Net income (loss) allocable to common stockholders per share          |     |   $0.07 |
| EAD to common stockholders per share(1)                               |     |   $0.40 |
| Dividends declared per share of common stock                          |     |   $0.60 |
| Return (loss) on equity(2)                                            |     |    1.5% |
| GAAP book value per share of common stock (“GAAP BVPS”), period end   |     |   $3.82 |
| Total economic return (loss) on GAAP BVPS(3)                          |     |   -2.7% |
| Total economic return (loss) on NAV(4)                                |     |    2.6% |
| Price to book ratio(5)                                                |     |   81.8% |

| (1) | “Earnings available for distribution to common stockholders” is a non-GAAP measure. A reconciliation to the GAAP measure net income (loss) allocable to common stockholders is provided in our Annual Report on Form 10-K for the year ended December 31, 2024 on page 51. |

| (2) | Return on equity is calculated as (i) net income allocable to common stockholders per share divided by (ii) beginning GAAP book value per share of common stock. |

| (3) | Total economic return (loss) on GAAP BVPS for the year ended December 31, 2024 is the compounded quarterly economic return (loss) on GAAP BVPS for each quarterly period in 2024, as applicable. |

Quarterly economic return