Cherry Hill Mortgage Investment Corp. (CHMI) announced on Aug. 9, 2026, that it has agreed to merge with TPG Mortgage Investment Trust. Under the deal, each CHMI common share would be converted into 0.3063 shares of TPG common stock, plus $0.41 in cash from TPG and another $0.52 in cash from TPG's manager, AG REIT Management — so $0.93 in total cash per share. CHMI's preferred shares would be exchanged for comparable TPG preferred shares, and outstanding equity awards would vest and settle before the merger closes. Both companies' boards have approved the agreement. The filing doesn't state when the deal is expected to close or spell out all closing conditions.
View Full Filing (SEC EDGAR)