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Cherry Hill Mortgage Investment closes common stock offering

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.