Cherry Hill Mortgage Investment Corp.'s offering of 2,750,000 common shares closed June 4.
The underwriters agreed to purchase the shares from the company at a price of $17.42 apiece, resulting in about $47.6 million of total net proceeds to the company after offering expenses.
Additionally, the company granted the underwriters a 30-day option to purchase up to an additional 412,500 shares.
Morgan Stanley and JMP Securities served as joint book-running managers for the offering.
