Company: CHMI-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001140361-25-017536
Chunk: 4

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 4
---
 us to register as an investment company under the Investment Company Act.

          We conduct substantially all of our operations and own substantially all of our assets through our Operating Partnership. We are the sole general partner of our Operating
            Partnership. As of March 31, 2025, we owned 98.1% of our Operating Partnership. Our Operating Partnership, in turn, owns all of the outstanding common stock of CHMI Sub-REIT, Inc. (the “Sub-REIT”). The Sub-REIT has elected to be taxed as a REIT
            under the Code commencing with its taxable year ended December 31, 2020.

          From time to time, we may issue and sell shares of our common stock or preferred stock, including additional shares of our Series A Preferred Stock or Series B Preferred
            Stock. See “Item 1. Consolidated Financial Statements—Note 6. Equity and Earnings per Common Share—Common and Preferred Stock.”

          Pursuant to the Company’s Common Stock ATM Program, the Company may offer and sell through one or more sales agents, up to $150.0 million in shares of its common stock at
            prices prevailing at the time, subject to volume and other regulatory limitations. As of March 31, 2025, approximately $45.6 million was remaining pursuant to the Common Stock ATM Program. During the three-month period ended March 31, 2025, the
            Company issued and sold 1,005,846 shares of common stock under the Common Stock ATM Program. The shares were sold at a weighted average price of $3.56 per share for aggregate gross proceeds of approximately $3.6 million before fees of
            approximately $72,000. During the year ended December 31, 2024, the Company issued and sold 1,544,917 shares of common stock under the Common Stock ATM Program. The shares were sold at a weighted average price of $3.59 per share for aggregate
            gross proceeds of approximately $5.6 million before fees of approximately $111,000.

          Prior to January 29, 2024, the Company had an at-the-market offering program for its Series A Preferred Stock (the “Preferred Series A ATM Program”) pursuant to which it
            could offer and sell through one or more sales agents up to $35.0 million in shares of its Series A Preferred Stock at prices prevailing at the time, subject to volume and other regulatory limitations. During the year