Mayer Brown is advising Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) on its sale to TPG Mortgage Investment Trust, Inc. (NYSE: MITT) pursuant to a definitive merger agreement under which MITT will acquire CHMI. Under the terms of the agreement, CHMI stockholders will receive 0.3063 shares of MITT common stock and $0.93 in cash per share. Following the closing, MITT stockholders are expected to own approximately 73% of the combined company and CHMI stockholders approximately 27%.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including stockholder and regulatory approvals.
The Mayer Brown team advising Cherry Hill is led by Corporate & Securities partners Andrew Noreuil and Ryan Ferris, and Banking & Finance partner David Freed in the firm’s Chicago and New York offices.
View CHMI and MITT’s press release here.
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