Showing posts with label Cherry Hill Mortgage Investment (CHMI). Show all posts
Showing posts with label Cherry Hill Mortgage Investment (CHMI). Show all posts
Monday, June 23, 2014
Monday, October 21, 2013
Cherry Hill Mortgage Investment (CHMI) began trading on the NYSE on 4 October 2013
Shares of Cherry Hill Mortgage Investment Corp. are falling in their trading debt Friday after the company raised $130 million in its initial public offering.
The mortgage investment company priced its IPO at $20 per share. In morning trading, its shares fell $1.20, or 6 percent, to $18.80.
Proceeds will be used to buy mortgage serving rights and mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the Moorestown, New Jersey-based company said.
Its shares are trading on the New York Stock Exchange under the ticker symbol "CHMI."
The mortgage investment company priced its IPO at $20 per share. In morning trading, its shares fell $1.20, or 6 percent, to $18.80.
Proceeds will be used to buy mortgage serving rights and mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the Moorestown, New Jersey-based company said.
Its shares are trading on the New York Stock Exchange under the ticker symbol "CHMI."
OCTOBER 21: Executives and guests of Cherry Hill Mortgage Investment Corporation ring the closing bell at the New York Stock Exchange on October 21, 2013 in New York City
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