TWO - Cherry Hill - Another New Preferred With An 8% Yield
I put out a note the other day on a new preferred stock issue by Chimera Investment (CIM) where I noted that it was the first mREIT preferred since September of last year. No sooner did the market digest that issue that another mREIT tapped the preferred market. The newest issue was done by Cherry Hill Mortgage Investment Corp. (CHMI)
Details of the new issue are:
Source: author compiled
Issuer Information
Cherry Hill Mortgage Investment Corp. ((CHMI)) is a mortgage REIT focused on acquiring, investing in and managing residential mortgage assets in the United States.