Cherry Hill Mortgage Investment Corp. plans to issue 2,750,000 common shares in an underwritten public offering.
The company will also give the underwriters an option to buy up to 412,500 more common shares.
Cherry Hill Mortgage plans to use the net proceeds from the offering for general corporate purposes, potentially including the acquisition of additional servicing-related assets and other residential mortgage-related assets.
Morgan Stanley and JMP Securities are acting as joint book-running managers for the offering.
