Company: CHMI-PB
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001140361-25-007454
Chunk: 30

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-03-06
Form: 10-K
Item: Item 5
Chunk 30
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, 2023,
                      respectively. Our investing activities used cash of approximately $141.3 million and $104.1 million for the years ended December 31, 2024 and December 31, 2023, respectively. The cash used by our investing activities during the years
                      ended December 31, 2024 and December 31, 2023 primarily resulted from RMBS purchases offset by RMBS sales and principal paydowns of RMBS.

                      56

                    Dividends

                    U.S. federal income tax law generally requires that a REIT distribute annually at least 90% of its REIT taxable income, without regard to the deduction for dividends paid and
                      excluding net capital gains, and that it pay tax at regular corporate rates to the extent that it annually distributes less than 100% of its taxable income. We intend to make regular quarterly distributions of all or substantially all
                      of our REIT taxable income to holders of our common and preferred stock out of assets legally available for this purpose, if and to the extent authorized by our board of directors. Before we pay any dividend, whether for U.S. federal
                      income tax purposes or otherwise, we must first meet both our operating requirements and debt service on our repurchase agreements and other debt payable. If our cash available for distribution is less than our REIT taxable income, we
                      could be required to sell assets or borrow funds to make cash distributions, or, with respect to our common stock, we may make a portion of the required distribution in the form of a taxable stock distribution or distribution of debt
                      securities. We will make distributions only upon the authorization of our board of directors. The amount, timing and frequency of distributions will be authorized by our board of directors based upon a variety of factors, including:

    •

                            actual results of operations;

    •

                            our level of retained cash flows;

    •

                            our ability to make additional investments in our target assets;

    •

                            restrictions under Maryland law;

    •

                            the terms of our preferred stock;

    •

                            any debt service requirements;

    •

                            our taxable income;

    •

                            the annual distribution requirements under the REIT provisions of the Code; and

    •

                            other factors that our board of directors may deem relevant.

                    Our ability to make distributions to our stockholders will depend upon the performance of our investment portfolio, and, in turn, upon the management of our business by our management