Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Q1 2024 Earnings Call Transcript

Jay Lown: Well, Matt, broadly speaking, we’re always looking to maximize shareholder value on any given day. I think from the perspective of the Committee you’d have to talk to them directly. But I can tell you that it’s our job to evaluate what we can do in the best interest of shareholders on any given day and the path going forward. But as the press release suggested, there are multiple avenues that the Board might consider — might pursue and some of those avenues result in something like an internalization. So I would think that the Board’s got a lot to consider. They’re taking their time, they’re being diligent, and at the right time, I’m sure they’ll feel compelled to share that with the markets.

Matt Howlett: Now, look, perhaps I will write them a letter. But look, I appreciate the good job you’re doing, the — and by the way, you’re getting that Series B, you’re buying that below par, correct? I’ve been looking at it. You’re taking some of that in below par.

Michael Hutchby: That’s correct. Yeah.

Jay Lown: Yeah. That’s right.

Matt Howlett: Great. Well, look, keep up the good work and I will– we’re certainly supportive of what you’re doing there and we’ll certainly voice our opinion to the Special Committee. We appreciate it.

Jay Lown: All right. Thanks, Matt.

Operator: Thank you. And I am showing no further questions from our phone lines and I’d like to turn the conference back over to Jay Lown for any closing remarks.

Jay Lown: Thank you. Thanks for joining us on our first quarter 2024 earnings call and we look forward to updating you on our second quarter performance in a few months. Have a great evening.

Operator: You may now disconnect. Everyone, have a wonderful day.