Company: CHMI-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001140361-25-040783
Chunk: 25

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 25
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 depend upon the performance of our investment portfolio, and, in turn, upon the management of our business by our management team. Distributions will be
              made quarterly in cash to the extent that cash is available for distribution. We may not be able to generate sufficient cash available for distribution to pay distributions to our stockholders. In addition, our board of directors may change
              our distribution policy with respect to our common stock in the future. No assurance can be given that we will be able to make any other distributions to our stockholders at any time in the future or that the level of any distributions we do
              make to our stockholders will achieve a market yield or increase or even be maintained over time.

              We make distributions based on a number of factors, including an estimate of taxable earnings. Dividends distributed and
                taxable income will typically differ from GAAP earnings due to items such as fair value adjustments, differences in premium amortization and discount accretion, and nondeductible general and administrative expenses. Our common dividend per
                share may be substantially different than our taxable earnings and GAAP earnings per share. Our GAAP income per diluted share for the three-month period ended September 30, 2025 was $0.05 and our GAAP loss per diluted share for the
                three-month period ended June 30, 2025 was $0.03. Our GAAP loss per diluted share for the nine-month periods ended September 30, 2025 and September 30, 2024 was $0.25 and $0.23, respectively.

            Contractual Obligations

            Our contractual obligations as of September 30, 2025 and December 31, 2024 included repurchase agreements, borrowings under our MSR financing arrangements, and our subservicing agreements.

            The following table summarizes our contractual obligations for borrowed money as of the dates indicated (dollars in thousands):

          Contractual Obligations Characteristics

          As of September 30, 2025

                  Less than
                    1 year

                  1 to 3
                    years

                  3 to 5
                    years

                  More than
                    5 years

                  Total

                  Repurchase agreements

                  Borrowings under repurchase agreements

                  $

                  1,107,141

                  $

                  -

                  $

                  -

                  $

                  -

                  $

                  1,107,141

                  Interest on repurchase agreement borrowings(A)

                  $