CHMI

In the past six months (March to September 2026), CHMI announced its first-quarter 2026 results on May 7, 2026, reporting an EPS of -$0.05 and revenue of $9.1 million, both missing estimates, with book value per share decreasing by 6.1%. Despite a net loss, an improved MSR portfolio valuation provided some offset, and management projected a return to profitability. On August 10, 2026, a definitive merger agreement was announced where TPG Mortgage Investment Trust, Inc. (MITT) will acquire CHMI. CHMI stockholders will receive 0.3063 shares of MITT common stock and $0.93 in cash per share, representing a 29% premium. The merger, expected to close in Q4 2026, aims to strengthen the combined company. Additionally, common and preferred dividends were declared for Q1 2026 on March 12, 2026, and for Q3 2026 on September 10, 2026.