Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Cherry Hill Mortgage Investment Corporation, a Maryland corporation (the "Company"), deeply regrets to disclose that Regina Lowrie, a member of the Company's Board of Directors (the "Board"), passed away on January 1, 2023. Ms. Lowrie joined the Board as as an independent director in 2015 and served as a member of the Board's audit, compensation and nominating committees (the "Committees") at the time of her passing.

Following Ms. Lowrie's death, the Board has been reduced to three members, two of whom are independent directors. The Committees have been reduced to two members, both of whom are independent directors. As a result, the Company is no longer compliant with Section 303A.07(a) of the New York Stock Exchange ("NYSE") Listed Company Manual (the "Listed Company Manual"), which requires that the audit committee of an NYSE-listed company consist of at least three members, each of whom is an independent director.

The Company notified the NYSE of Ms. Lowrie's passing and the resulting non-compliance with Section 303A.07(a) of the Listed Company Manual on January 5, 2023. The Company expects to appoint, as soon as practicable, an additional member to the Board and audit committee who meets the independence requirements of Section 10A-3 of, and Rule 10A-3 under, the Securities Exchange Act of 1934, as amended, and Section 303A.02 of the Listed Company Manual. Upon appointing such new member of the Board and the audit committee, the Company will regain compliance with the applicable NYSE listing standard.

Forward-Looking Statements

Statements included in this Form 8-K may constitute "forward-looking statements," which relate to future events or the Company's future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein.

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