Cherry Hill Mortgage Investment Corporation
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) is a real estate finance company that acquires, invests in and manages a portfolio of excess mortgage servicing rights, agency residential mortgage backed securities and other residential mortgage assets.
We are externally managed by Cherry Hill Mortgage Management, LLC, a Delaware limited liability company.Our Goal
Cherry Hill’s principal objective is to generate attractive current yields and risk-adjusted total returns for our stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. We intend to attain this objective by selectively constructing and actively managing a targeted portfolio of Excess MSRs, Agency RMBS and other cashflowing residential mortgage assets.Our Corporate Structure
Cherry Hill has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. We generally are not subject to federal taxes on our taxable income to the extent that we annually distribute all of our taxable income to stockholders and maintain our intended qualification as a REIT.Our Manager
Cherry Hill is externally managed and advised by Cherry Hill Mortgage Management, LLC (our "Manager" or "CHMM"). CHMM is responsible for our investment strategies and decisions and our day-to-day operations, subject to the supervision and oversight of our board of directors. Our Manager has established an Investment Committee that will advise and consult with our board of directors with respect to, among other things, our investment policies, portfolio holdings, financing and hedging strategies and investment guidelines.