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Cherry Hill Mortgage Investment completes offering

Cherry Hill Mortgage Investment Corp. completed its offering of 4.5 million common shares.

The underwriters exercised the option to purchase an additional 650,000 shares.

The company intends to use the net proceeds for general corporate purposes that may include the acquisition of additional residential mortgage-related assets.

Morgan Stanley, Barclays, Citigroup, UBS Investment Bank, FBR, JMP Securities, Keefe Bruyette & Woods and RBC Capital Markets are the joint book-running managers. NexBank and Nomura are the co-managers.