trending Market Intelligence /marketintelligence/en/news-insights/trending/9me9wdyoyqlsqezqj0gm5g2 content esgSubNav
In This List

Cherry Hill Mortgage prices common stock offering

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Cherry Hill Mortgage prices common stock offering

Cherry Hill Mortgage Investment Corp. priced its offering of 2,750,000 common shares for total expected gross proceeds of $49.6 million.

The company has granted the underwriters an option to purchase up to an additional 412,500 common shares. The offering is expected to close on June 4, subject to customary closing conditions.

Cherry Hill intends to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of additional servicing-related assets and other residential mortgage-related assets, such as agency residential mortgage-backed securities and non-agency residential mortgage-backed securities.

Morgan Stanley and JMP Securities are serving as joint book-running managers for the offering.