Cherry Hill Mortgage Investment Corporation · NYSE:CHMI
Cherry Hill Mortgage Investment — Merger or Acquisition (August 2026)
14 slides from Cherry Hill Mortgage Investment's merger presentation, Aug 10, 2026
Slide 1: TPG Mortgage Investment Trust, Inc. to Acquire Cherry Hill Mortgage Investment Corporation
1 TPG Mortgage Investment Trust, Inc. to Acquire Cherry Hill Mortgage Investment Corporation August 10, 2026
Slide 2: Forward Looking Statements & Non-GAAP Financial Information
2NYSE: MITT Forward Looking Statements & Non-GAAP Financial Information Forward Looking Statements: This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 related to the merger, di
Slide 3: Additional Disclosures
3NYSE: MITT Additional Disclosures Important Additional Information and Where to Find It In connection with the merger with Cherry Hill Mortgage Investment Corp (“CHMI”), TPG Mortgage Investment Trust, Inc. (“MITT”) expects to file with the U.S. Securities and Exchange Commission (the “SEC”) a regis
Slide 4: Transaction Summary
4NYSE: MITT Transaction Summary • TPG Mortgage Investment Trust, Inc. (NYSE: MITT) has entered into an agreement to acquire Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) by issuing new common shares of MITT to CHMI’s stockholders using an exchange ratio of 0.3063x(1) • CHMI stockholders w
Slide 5: Transaction Highlights
5NYSE: MITT Transaction Highlights Long-Term Value Creation Transformational combination driving potential for significant long-term value creation for shareholders and continued growth within the U.S. residential mortgage market High Quality Assets Providing shareholders with access to a combined i
Slide 6: Anticipated Benefits of the Transaction
6NYSE: MITT 1) Based on MITT’s book value per share of $10.00 as of June 30, 2026 and CHMI’s stock price of $2.41 as of August 7, 2026. 2) Represents estimated operating expense synergies recognized upon combining companies, offset by the additional estimated management fee expense. Anticipated Bene
Slide 7: Cherry Hill Mortgage Investment Corporation Overview
7NYSE: MITT $1.3 Investment Portfolio (in billions) $3.16 Book Value per Share $228.9 Total Equity (in millions) $77.8 Liquidity(1) (in millions) 5.0x Aggregate Portfolio Leverage Ratio(2) 83.6% 16.4% Agency MSR 31.0% 30.8% 22.7% 15.5% Agency MSR Cash Other (3) Note: data as of June 30, 2026. 1) Cal
Slide 8: TPG Mortgage Investment Trust, Inc. Overview
8NYSE: MITT TPG Mortgage Investment Trust, Inc. Overview $7.7 Investment Portfolio (in billions) $10.00 Book Value per Share $546.0 Total Equity (in millions) $111.6 Liquidity(1) (in millions) 1.8x Economic Leverage Ratio(2) 38.3% 29.5% 8.3% 0.7% 9.6% 7.2% 6.4% First Mortgage Home Equity Commercial
Slide 9: Diversified & Scaled Pure-Play Residential Platform
9NYSE: MITT 29.4% 22.6% 6.3% 9.0% 8.4% 9.7% 5.5% 9.1% First Mortgage Home Equity Commercial Agency MSR Cash Arc Home Other The combined, pro forma company represents a scaled platform with capabilities across Residential Credit, Agency, and Mortgage Servicing, targeting high-teen ROEs in its investm
Slide 10: MITT Share Price Performance: June 2023 - August 2023
10NYSE: MITT Price Change (%) Post July 12, 2023 MITT Submits Offer to Acquire WMC Closing MITT Peer Date MITT WMC Group 7/12/23 0.00% 0.00% 0.00% 7/13/23 2.31% 8.25% 0.90% 7/14/23 6.60% 11.84% 0.26% 7/17/23 9.74% 11.72% 0.66% 7/18/23 12.38% 11.84% 2.05% 7/19/23 12.54% 13.52% 3.95% MITT Share Price
Slide 11: MITT Performance Since WMC Acquisition
11NYSE: MITT $0.10 $0.17 $0.21 $0.21 $0.17 $0.18 $0.20 $0.18 $0.23 $0.25 $0.26 $0.24 $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 M IT T Q u ar te rl y EA D p er Sh ar e MITT Performance Since WMC Acquisition (20.
Slide 12: Appendix
12 Appendix
Slide 13: TPG – A Scaled and Experienced Global Alternatives Manager
13NYSE: MITT TPG – A Scaled and Experienced Global Alternatives Manager 1) As of June 30, 2026. $327B(1) of AUM across public and private markets 1992 Founded in San Francisco and Fort Worth, Texas 700+ investment and operations professionals 1,900+ total TPG employees 30 offices globally Active Por
Slide 14: TPG
TPG www. mitt.tpg.com
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