CHMI-B Cherry Hill Mortgage 8.250% Series B Fixed-to-Floating Rate Cumulative Preferred

Cumulative cash dividends (i) from and including the original issue date to, but excluding, April 15, 2024 at a fixed rate equal to 8.250% per annum of the $25.00 per share liquidation preference (equivalent to $2.0625 per annum per share) and (ii) from and including April 15, 2024, at a floating rate equal to three-month LIBOR plus a spread of 5.631% per annum. Dividends will be payable quarterly in arrears on the 15th day of each January, April, July and October, when and as authorized by our board of directors and declared by us, beginning on April 15, 2019. Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series B Preferred Stock. On or after April 15, 2024, we may, at our option, redeem any or all of the shares of the Series B Preferred Stock at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date.   This security was issued by Cherry Hill Mortgage Investment Corporation, whose common stock symbol is CHMI.

$25.38  +0.10 (0.38%)
As of 10/20/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  02/13/2019
Outstanding shares:  1,800,000
Average volume:  2,787
Market cap:   $45,513,000
Current dividend yield:  8.16%    calculation
Initial coupon rate:    8.250%
Spread to LIBOR: 0.056310
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   04/15/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    
ISIN:        
Sedol:      

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