Company: CHMI-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001140361-25-040783
Chunk: 24

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 24
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8 million and $19.0 million, respectively.

            During the nine-month periods ended September 30, 2025 and September 30, 2024, our operating activities provided cash of approximately $10.7 million and used cash of approximately $10.6 million,
              respectively and our investing activities used cash of approximately $24.4 million and $167.7 million, respectively. The cash provided by and used in our investing activities resulted substantially from RMBS purchases offset by RMBS sales,
              principal paydowns of RMBS, settlement of derivatives and sale of MSRs.

            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:

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                    actual results of operations;

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                    our level of retained cash flows;

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                    our ability to make additional investments in our target assets;

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                    restrictions under Maryland law;

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                    the terms of our preferred stock;

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                      any debt service requirements;

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                      our taxable income;

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

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                      other factors that our board of directors may deem relevant.

              67

            Our ability to make distributions to our stockholders will