MITT net income +262% to $14.3M; announces Cherry Hill Mortgage merger for Q4 2026

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Net income rose 262% to $14.3M (diluted EPS $0.29) in Q2 2026 vs.

  MD&A: Financial Results verify on EDGAR →
• high

  Management agreement amended in connection with merger: incentive fee switches from Adjusted Net Income to Earnings Available for Distribution on rolling four-quarter basis, with no fee payable unless 12-quarter EAD is positive. Manager contributing ~$20M cash to CHMI shareholders.

  Notes: Management Agreement Amendment verify on EDGAR →
• high

  Kevin Warsh replaced Jerome Powell as Fed Chair on May 22, 2026, adopting a more hawkish anti-inflation stance. Market expectations shifted from pricing two rate cuts in 2025 to nearly two hikes by year-end 2026. 2-year Treasury yield rose 48bp to 4.20%; 10-year rose 24bp to 4.47%.

  MD&A: Fed Leadership & Rates verify on EDGAR →