TPG Mortgage Investment Trust agrees to buy Cherry Hill in stock-and-cash deal valued at USD 3.1 a share

Reuters2026/08/10 10:30

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TPG Mortgage Investment Trust will acquire Cherry Hill Mortgage Investment in a stock-and-cash deal valued at USD 3.1 per CHMI share.
CHMI holders to receive 0.31 MITT shares and USD 0.93 cash per share, implying a 29% premium to CHMI’s Aug. 7 close.
Transaction expected to close in Q4 2026, subject to MITT and CHMI shareholder approvals and other customary conditions.
Pro forma ownership split seen at about 73% for MITT shareholders, 27% for CHMI shareholders.
Combined investment portfolio projected at USD 9 billion; annual operating efficiencies estimated at USD 7 million to USD 9 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TPG Mortgage Investment Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260810368478) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TPG Mortgage Investment Trust agrees to buy Cherry Hill in stock-and-cash deal valued at USD 3.1 a share

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