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<font style="FONT-SIZE: 14pt">UNITED STATES</font></div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 14pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt; FONT-WEIGHT: bold">WASHINGTON, D.C. 20549</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 18pt; FONT-WEIGHT: bold">FORM 8-K</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CURRENT REPORT</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pursuant to Section 13 or 15(d) of the</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Securities Exchange Act of 1934</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date of Report (Date of earliest event reported):<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> August 10, 2017</font></div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 24pt; FONT-WEIGHT: bold">CHERRY HILL MORTGAGE</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 24pt; FONT-WEIGHT: bold">INVESTMENT CORPORATION</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(Exact Name of Registrant as Specified in its Charter)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">001-36099</div>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="BACKGROUND-COLOR: #ffffff; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">46-1315605</font></div>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(State or Other Jurisdiction<br>
 of Incorporation or Organization)</div>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(Commission File Number)</div>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(I.R.S. Employer Identification No.)</div>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">301 Harper Drive, Suite 110</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Moorestown, NJ 08057</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="BACKGROUND-COLOR: #ffffff; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">877.870.7005</font></div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(Registrants&#8217; telephone number, including area code)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Not applicable</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(Former name or former address, if changed since last report.)</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Emerging growth company &#9745;</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 3.03.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Material Modification to Rights of Security Holders</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">On August 16, 2017, Cherry Hill Mortgage Investment Corporation (the &#8220;Company&#8221;) filed Articles Supplementary (&#8220;Articles Supplementary&#8221;) with the Maryland State Department of Assessments and Taxation to designate 2,530,000 shares of the Company&#8217;s authorized but unissued preferred stock, $0.01 par value per share, as shares of Series A Cumulative Redeemable Preferred Stock, with the powers, designations, preferences and other rights as set forth therein (the &#8220;Series A Preferred Stock&#8221;).&#160; The Articles Supplementary became effective on August 16, 2017.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">The Articles Supplementary provide that the Company will pay, when and if authorized by the Board of Directors of the Company, cumulative cash dividends at the rate of 8.20% of the $25.00 liquidation preference (equivalent to $2.05 per annum per share) on the Series A Preferred Stock, in arrears, on the 15th day of January, April, July and October of each year (provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day) from and including August 17, 2017, the anticipated date of original issuance of the Series A Preferred Stock.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">The Series A Preferred Stock is not redeemable by the Company prior to August 17, 2022, except under circumstances intended to preserve the Company&#8217;s qualification as a real estate investment trust (&#8220;REIT&#8221;) for U.S. federal income tax purposes and except upon the occurrence of a Change of Control (as defined in the Articles Supplementary). On and after August 17, 2022, the Company may, at its option, redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price equal to $25.00 per share, plus any accumulated and unpaid dividends to, but not including, the date fixed for redemption.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">In addition, upon the occurrence of a Change of Control, the Company may, at its option, redeem the Series A Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends to, but not including, the date fixed for redemption.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by the Company or converted into the Company&#8217;s common stock in connection with a Change of Control by the holders of Series A Preferred Stock.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Upon the occurrence of a Change of Control, each holder of Series A Preferred Stock will have the right (unless the Company has exercised its right to redeem the Series A Preferred Stock in whole or in part, as described above, prior to the Change of Control Conversion Date (as defined in the Articles Supplementary)) to convert some or all of the Series A Preferred Stock held by such holder on the Change of Control Conversion Date into a number of shares of the Company&#8217;s common stock per share of Series A Preferred Stock determined by a formula, in each case, on the terms and subject to the conditions described in the Articles Supplementary, including provisions for the receipt, under specified circumstances, of alternative consideration.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">There are restrictions on ownership of the Series A Preferred Stock intended to preserve the Company&#8217;s qualification as a REIT for U.S. federal income tax purposes. Except under limited circumstances, holders of the Series A Preferred Stock generally have no voting rights.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">A copy of the Articles Supplementary is filed as Exhibit 3.3 to the Company&#8217;s Registration Statement on Form 8-A filed with the Securities and Exchange Commission on August 16, 2017, and the information in the Articles Supplementary is incorporated into this Item 3.03 by reference. The description of the terms of the Articles Supplementary in this Item 3.03 is qualified in its entirety by reference to Exhibit 3.1.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">The information set forth above under Item 3.03 of this report is hereby incorporated by reference into this Item 5.03.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">On August 10, 2017, the Company and Cherry Hill Mortgage Management, LLC, the Company&#8217;s external manager,&#160; entered into an Underwriting Agreement (the &#8220;Underwriting Agreement&#8221;) with Morgan Stanley &amp; Co. LLC and RBC Capital Markets, LLC, as the representatives of the several underwriters named on Schedule I to the Underwriting Agreement (the &#8220;Underwriters&#8221;), relating to the issuance and sale of 2,200,000 shares of the Company&#8217;s Series A Preferred Stock, at a public offering price of $25.00 per share, equal to the liquidation preference. Pursuant to the Underwriting Agreement, the Company granted the Underwriters an option for 30 days to purchase up to 330,000 additional shares of Series A Preferred Stock on the same terms and conditions. On August 16, 2017, the Underwriters partially exercised this option to purchase an additional 200,000 shares of Series A Preferred Stock. The closing of the offering of the Series A Preferred Stock, which is subject to customary closing conditions, is expected to occur on August 17, 2017.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">The shares of Series A Preferred Stock will be issued pursuant to the Company&#8217;s shelf registration statement on Form S-3 (File No. 333-200152), which became effective on December 3, 2014.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">The Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K, and the description of the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit. In connection with the filing of the Underwriting Agreement, the Company is filing as Exhibits 5.1 and 8.1 hereto opinions of its special Maryland counsel, Venable LLP, and its counsel, Vinson &amp; Elkins LLP.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">In connection with the anticipated closing of the offering of the Series A Preferred Stock, the Agreement of Limited Partnership of Cherry Hill Operating Partnership, LP (the &#8220;Operating Partnership&#8221;) is being amended to provide for the issuance of up to 2,530,000 8.20% Series A Cumulative Redeemable Preferred Units (liquidation preference $25.00 per unit) (the &#8220;Series A Preferred Units&#8221;).&#160; Such amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. The Company expects to contribute the net proceeds from the sale of the Series A Preferred Stock to the Operating Partnership in exchange for the same number of Series A Preferred Units. The Series A Preferred Units have economic terms that mirror the terms of the Series A Preferred Stock. The issuance of the Series A Preferred Units will be exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Underwriting Agreement, dated August 10, 2017, by and among Cherry Hill Mortgage Investment Corporation, Cherry Hill Mortgage Management, LLC, Morgan Stanley &amp; Co. LLC and RBC Capital Markets, LLC</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Articles Supplementary designating the 8.20% Series A Cumulative Redeemable Preferred Stock (<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">incorporated by reference to Exhibit 3.3 to the Registration Statement on Form 8-A filed by the Company with the SEC on August 16, 2017)</font></div>
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<td style="WIDTH: 88%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Opinion of Vinson &amp; Elkins LLP with respect to tax matters</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">First Amendment to Agreement of Limited Partnership of Cherry Hill Operating Partnership, LP</div>
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<td style="WIDTH: 88%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Consent of Venable LLP (included in Exhibit 5.1)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Consent of Vinson &amp; Elkins LLP (included in Exhibit 8.1)</div>
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<div style="TEXT-ALIGN: center; FONT-WEIGHT: bold">SIGNATURE</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">CHERRY HILL MORTGAGE INVESTMENT CORPORATION</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">By:</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">/s/ Martin J. Levine</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Martin J. Levine</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: August 16, 2017</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Chief Financial Officer</div>
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<div style="TEXT-ALIGN: center; FONT-WEIGHT: bold">EXHIBIT INDEX</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Underwriting Agreement, dated August 10, 2017, by and among Cherry Hill Mortgage Investment Corporation, Cherry Hill Mortgage Management, LLC, Morgan Stanley &amp; Co. LLC and RBC Capital Markets, LLC</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Articles Supplementary designating the 8.20% Series A Cumulative Redeemable Preferred Stock (<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">incorporated by reference to Exhibit 3.3 to the Registration Statement on Form 8-A filed by the Company with the SEC on August 16, 2017)</font></div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Opinion of Venable LLP with respect to the legality of the shares</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Opinion of Vinson &amp; Elkins LLP with respect to tax matters</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">First Amendment to Agreement of Limited Partnership of Cherry Hill Operating Partnership, LP</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Statement Regarding Computation of Ratios</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Consent of Vinson &amp; Elkins LLP (included in Exhibit 8.1)</div>
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[{"type": "8-K", "sequence": "1", "filename": "s001826x5_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 35756}]
{"company-data": {"conformed-name": "Cherry Hill Mortgage Investment Corp", "cik": "0001571776", "assigned-sic": "6798", "irs-number": "461315605", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-36099", "film-number": "171036612"}, "business-address": {"street1": "301 HARPER DRIVE", "street2": "SUITE 110", "city": "MOORESTOWN", "state": "NJ", "zip": "08057", "phone": "(856) 626-2663"}, "mail-address": {"street1": "301 HARPER DRIVE", "street2": "SUITE 110", "city": "MOORESTOWN", "state": "NJ", "zip": "08057"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 10, 2017
CHERRY HILL MORTGAGE
INVESTMENT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Maryland
001-36099
46-1315605
(State or Other Jurisdiction
of Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
301 Harper Drive, Suite 110
Moorestown, NJ 08057
(Address of Principal Executive Offices) (Zip Code)
877.870.7005
(Registrants' telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☑
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.03.
Material Modification to Rights of Security Holders
On August 16, 2017, Cherry Hill Mortgage Investment Corporation (the "Company") filed Articles Supplementary ("Articles Supplementary") with the Maryland State Department of Assessments and Taxation to designate 2,530,000 shares of the Company's authorized but unissued preferred stock, $0.01 par value per share, as shares of Series A Cumulative Redeemable Preferred Stock, with the powers, designations, preferences and other rights as set forth therein (the "Series A Preferred Stock").  The Articles Supplementary became effective on August 16, 2017.
The Articles Supplementary provide that the Company will pay, when and if authorized by the Board of Directors of the Company, cumulative cash dividends at the rate of 8.20% of the $25.00 liquidation preference (equivalent to $2.05 per annum per share) on the Series A Preferred Stock, in arrears, on the 15th day of January, April, July and October of each year (provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day) from and including August 17, 2017, the anticipated date of original issuance of the Series A Preferred Stock.
The Series A Preferred Stock is not redeemable by the Company prior to August 17, 2022, except under circumstances intended to preserve the Company's qualification as a real estate investment trust ("REIT") for U.S. federal income tax purposes and except upon the occurrence of a Change of Control (as defined in the Articles Supplementary). On and after August 17, 2022, the Company may, at its option, redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price equal to $25.00 per share, plus any accumulated and unpaid dividends to, but not including, the date fixed for redemption.
In addition, upon the occurrence of a Change of Control, the Company may, at its option, redeem the Series A Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends to, but not including, the date fixed for redemption.
The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by the Company or converted into the Company's common stock in connection with a Change of Control by the holders of Series A Preferred Stock.
Upon the occurrence of a Change of Control, each holder of Series A Preferred Stock will have the right (unless the Company has exercised its right to redeem the Series A Preferred Stock in whole or in part, as described above, prior to the Change of Control Conversion Date (as defined in the Articles Supplementary)) to convert some or all of the Series A Preferred Stock held by such holder on the Change of Control Conversion Date into a number of shares of the Company's common stock per share of Series A Preferred Stock determined by a formula, in each case, on the terms and subject to the conditions described in the Articles Supplementary, including provisions for the receipt, under specified circumstances, of alternative consideration.
There are restrictions on ownership of the Series A Preferred Stock intended to preserve the Company's qualification as a REIT for U.S. federal income tax purposes. Except under limited circumstances, holders of the Series A Preferred Stock generally have no voting rights.
A copy of the Articles Supplementary is filed as Exhibit 3.3 to the Company's Registration Statement on Form 8-A filed with the Securities and Exchange Commission on August 16, 2017, and the information in the Articles Supplementary is incorporated into this Item 3.03 by reference. The description of the terms of the Articles Supplementary in this Item 3.03 is qualified in its entirety by reference to Exhibit 3.1.
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
The information set forth above under Item 3.03 of this report is hereby incorporated by reference into this Item 5.03.
Item 8.01.
Other Events.
On August 10, 2017, the Company and Cherry Hill Mortgage Management, LLC, the Company's external manager,  entered into an Underwriting Agreement (the "Underwriting Agreement") with Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, as the representatives of the several underwriters named on Schedule I to the Underwriting Agreement (the "Underwriters"), relating to the issuance and sale of 2,200,000 shares of the Company's Series A Preferred Stock, at a public offering price of $25.00 per share, equal to the liquidation preference. Pursuant to the Underwriting Agreement, the Company granted the Underwriters an option for 30 days to purchase up to 330,000 additional shares of Series A Preferred Stock on the same terms and conditions. On August 16, 2017, the Underwriters partially exercised this option to purchase an additional 200,000 shares of Series A Preferred Stock. The closing of the offering of the Series A Preferred Stock, which is subject to customary closing conditions, is expected to occur on August 17, 2017.
The shares of Series A Preferred Stock will be issued pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-200152), which became effective on December 3, 2014.
The Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K, and the description of the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit. In connection with the filing of the Underwriting Agreement, the Company is filing as Exhibits 5.1 and 8.1 hereto opinions of its special Maryland counsel, Venable LLP, and its counsel, Vinson & Elkins LLP.
In connection with the anticipated closing of the offering of the Series A Preferred Stock, the Agreement of Limited Partnership of Cherry Hill Operating Partnership, LP (the "Operating Partnership") is being amended to provide for the issuance of up to 2,530,000 8.20% Series A Cumulative Redeemable Preferred Units (liquidation preference $25.00 per unit) (the "Series A Preferred Units").  Such amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. The Company expects to contribute the net proceeds from the sale of the Series A Preferred Stock to the Operating Partnership in exchange for the same number of Series A Preferred Units. The Series A Preferred Units have economic terms that mirror the terms of the Series A Preferred Stock. The issuance of the Series A Preferred Units will be exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
Description
1.1
Underwriting Agreement, dated August 10, 2017, by and among Cherry Hill Mortgage Investment Corporation, Cherry Hill Mortgage Management, LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC
3.1
Articles Supplementary designating the 8.20% Series A Cumulative Redeemable Preferred Stock (
incorporated by reference to Exhibit 3.3 to the Registration Statement on Form 8-A filed by the Company with the SEC on August 16, 2017)
5.1
Opinion of Venable LLP with respect to the legality of the shares
8.1
Opinion of Vinson & Elkins LLP with respect to tax matters
10.1
First Amendment to Agreement of Limited Partnership of Cherry Hill Operating Partnership, LP
12.1
Statement Regarding Computation of Ratios
23.1
Consent of Venable LLP (included in Exhibit 5.1)
23.2
Consent of Vinson & Elkins LLP (included in Exhibit 8.1)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CHERRY HILL MORTGAGE INVESTMENT CORPORATION
By:
/s/ Martin J. Levine
Name:
Martin J. Levine
Date: August 16, 2017
Title:
Chief Financial Officer
EXHIBIT INDEX
Exhibit
No.
Description
1.1
Underwriting Agreement, dated August 10, 2017, by and among Cherry Hill Mortgage Investment Corporation, Cherry Hill Mortgage Management, LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC
3.1
Articles Supplementary designating the 8.20% Series A Cumulative Redeemable Preferred Stock (
incorporated by reference to Exhibit 3.3 to the Registration Statement on Form 8-A filed by the Company with the SEC on August 16, 2017)
5.1
Opinion of Venable LLP with respect to the legality of the shares
8.1
Opinion of Vinson & Elkins LLP with respect to tax matters
10.1
First Amendment to Agreement of Limited Partnership of Cherry Hill Operating Partnership, LP
12.1
Statement Regarding Computation of Ratios
23.1
Consent of Venable LLP (included in Exhibit 5.1)
23.2
Consent of Vinson & Elkins LLP (included in Exhibit 8.1)