On March 15, 2017, Mr. Robert C. Mercer, Jr. was elected to the Board of Directors of Cherry Hill Mortgage Investment Corporation to serve out the term of Mr. Jon Kislak who resigned in September 2016. At the same time, Mr. Mercer was appointed to serve on, and as Chairman of, the Audit Committee of the Board. He also was appointed to serve on the Compensation Committee and the Nominating and Corporate Governance Committee of the Board. Mr. Mercer is independent under the standards of the New York Stock Exchange.