Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2024 Earnings Call Transcript

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Cherry Hill Mortgage Investment Corporation ( NYSE: CHMI ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations, ICR Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matt Howlett - B. Riley Securities Operator Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today.

At this time, I would like to welcome everyone to the Cherry Hill Mortgage Investment Corporation’s Third Quarter 2024 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session.



[Operator Instructions] I would now like to turn the conference over to Garrett Edson of ICR. You may begin. Garrett Edson Thank you, Desiree.

We’d like to thank you for joining us today for Cherry Hill Mortgage Investment Corporation’s third quarter 2024 conference call. In addition to this call, we have issued a press release that was distributed earlier this afternoon and posted that press release and a third quarter 2024 Investor Presentation to the Investor Relations section of our website at, www.chmireit.

com. On today’s call, management’s prepared remarks and answers to your questions may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those discussed today. Examples of forward-looking statements include those related to our ability to complete the planned internalization of our management, interest income, financial guidance, IRRs, future expected cash flows as well as prepayment and recapture rates, delinquencies and non-GAAP financial measures such as earnings available for distribution or EAD and comprehensive income.

Forward-looking statements represent management’s current estimates and Cherry Hill assumes no obligation to update any forward-looking statements in the.