Articles from Chimera Investment Corporation

Chimera Investment Corporation (NYSE: CIM) announced that on March 25, 2025 it had sponsored two securitizations of residential mortgage loans with an aggregate principal balance of $646 million. The mortgage loans for both securitizations were sourced from the redemption of prior Chimera-sponsored securitizations, including CIM 2021-NR1, CIM 2021-NR2, CIM 2021-NR3, CIM 2021-NR4, CIM 2022-NR1, CIM 2023-NR1, and CIM 2023-NR2. Net proceeds received from the transactions were in excess of $187 million.

The Board of Directors of Chimera Investment Corporation announced the declaration of its first quarter cash dividend of $0.37 per common share. The dividend is payable on April 30, 2025 to common stockholders of record on March 31, 2025. The ex-dividend date is March 31, 2025.

In the first bullet of the "Financial Highlights(1)" section, the figure should read, "$2.07" (instead of "$2.04"). In the "GAAP measures of net income and net income per diluted share available to common stockholders" table, the line that reads, "GAAP net income (loss) per diluted common share" under "December 31, 2024" the number should read, "$2.07" (instead of "2.04"). The multimedia file has been updated.

The Board of Directors of Chimera announced the declaration of its first quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable March 31, 2025 to preferred shareholders of record on March 3, 2025. The ex-dividend date is March 3, 2025.

Chimera Investment Corporation (NYSE: CIM) announced that on January 31, 2025 it had sponsored CIM 2025-I1, a $287.7 million securitization of residential mortgage investor loans. The loans had a weighted average coupon of 7.9%, with weighted average FICO scores of 748, and LTV ratio of 64%. Securities issued by CIM 2025-I1, with an aggregate balance of approximately $275.7 million, were sold in a private placement to institutional investors. These senior securities represented approximately 95.8% of the capital structure. Chimera retained subordinate interests in securities with an aggregate balance of approximately $11.9 million and certain interest-only securities. Chimera also retained an option to call the securitized mortgage loans on the earlier of (i) February 25, 2028, or (ii) when their unpaid principal balance is less than or equal to 30% of the unpaid principal balance of the securitized mortgage loans as of the cut-off date. The weighted average cost of debt on securities sold was 5.8%. The securitization is rated by Fitch and Morningstar DBRS. Palisades Advisory Services, a wholly owned subsidiary of Chimera Investment Corporation, will act as Asset Manager for the securitization.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the fourth quarter and full year ended December 31, 2024 on Wednesday, February 12, 2025 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 12, 2025 at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.37 per common share. The dividend is payable on January 31, 2025 to common stockholders of record on December 31, 2024. The ex-dividend date is December 31, 2024.

Chimera Investment Corporation (NYSE: CIM) (“Chimera”) announced today that it has completed the previously announced acquisition of Palisades Group (“Palisades”), a U.S.-based alternative asset manager founded in 2012 that specializes in residential real estate credit. Upon closing, which occurred on December 2, 2024, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, became Chimera’s Chief Investment Officer.

Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Cynthia B. Walsh has been elected to the Company’s Board of Directors as a Class III Director, effective December 1, 2024.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2024.

The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable December 30, 2024 to preferred shareholders of record on December 2, 2024. The ex-dividend date is December 2, 2024.

Chimera Investment Corporation (NYSE: CIM) (“Chimera”) today announced that it has entered into a definitive agreement to acquire Palisades Group (“Palisades”), a U.S.-based alternative asset manager specializing in residential real estate credit. Founded in 2012, Palisades manages and invests in residential real estate assets across a broad spectrum of credit products. Upon closing, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, will become Chimera’s Chief Investment Officer.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024, prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, November 6, 2024, at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.37 per common share. The dividend is payable on October 31, 2024 to common stockholders of record on September 30, 2024. The ex-dividend date is September 30, 2024.

Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $74.75 million aggregate principal amount (including $9.75 million issued pursuant to the over-allotment option) of its 9.250% senior notes due 2029 (the “Notes”). The Company has been authorized to list the Notes on the New York Stock Exchange under the symbol “CIMO” and expects trading in the Notes on the New York Stock Exchange to begin on August 22, 2024. The Notes have received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.250% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on August 19, 2024, subject to the satisfaction of customary closing conditions.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2024.

The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2024 to preferred shareholders of record on September 3, 2024. The ex-dividend date is September 3, 2024.

Chimera Investment Corporation (NYSE: CIM) announced that on July 30, 2024 it had sponsored CIM 2024-R1, a $468.1 million securitization of seasoned reperforming residential mortgage loans. Securities issued by CIM 2024-R1, with an aggregate balance of approximately $351.8 million, were sold in a private placement to institutional investors. These senior securities represented approximately 75.15% of the capital structure. Chimera retained subordinate interests in securities with an aggregate balance of approximately $116.3 million and certain interest-only securities. Chimera also retained an option to call the securitized mortgage loans when their unpaid principal balance is less than or equal to 30% of the unpaid principal balance of the securitized mortgage loans as of the cut-off date. The advance rate was 75.15% with a 5.7% weighted average cost of debt. The securitization is rated by Fitch and Morningstar DBRS.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the second quarter June 30, 2024 on Wednesday, August 7, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, August 7, 2024 at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.35 per common share, an increase from its first quarter cash dividend of $0.33 on a reverse-stock-split adjusted basis. The dividend is payable July 31, 2024 to common stockholders of record on June 28, 2024. The ex-dividend date is June 28, 2024.

Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $65 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”). The Company has applied to list the Notes on the New York Stock Exchange under the symbol “CIMN” and expects trading in the Notes on the New York Stock Exchange to begin on May 28, 2024. Following pricing, the Notes received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.00% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on May 22, 2024, subject to the satisfaction of customary closing conditions.

Chimera Investment Corporation (NYSE: CIM) (the “Company” or “Chimera”) announced today that its Board of Directors has unanimously approved a reverse stock split of the Company’s common stock at a ratio of 1-for-3.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2024.

The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable July 1, 2024 to preferred shareholders of record on June 3, 2024. The ex-dividend date is June 3, 2024.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ending March 31,2024 on Thursday, May 9, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 9, 2024 at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its first quarter cash dividend of $0.11 per common share. The dividend is payable April 30, 2024 to common stockholders of record on April 8, 2024. The ex-dividend date is April 5, 2024.

The Board of Directors of Chimera announced the declaration of its first quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable April 1, 2024 to preferred shareholders of record on March 1, 2024. The ex-dividend date is February 29, 2024.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the fourth quarter and full year ended December 31, 2023 on Wednesday, February 14, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 14, 2024 at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.11 per common share. The dividend is payable January 31, 2024 to common stockholders of record on December 29, 2023. The ex-dividend date is December 28, 2023.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2023.

Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Susan Mills has been elected to the Company’s Board of Directors as a Class I Director, effective November 13, 2023.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the third quarter ended September 30, 2023 on Thursday, November 2, 2023 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, November 2, 2023 at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.18 per common share. The dividend is payable October 31, 2023 to common stockholders of record on September 29, 2023. The ex-dividend date is September 28, 2023.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2023.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, August 3, 2023 at 8:30 a.m. EDT.

Chimera Investment Corporation (NYSE: CIM) (the “Company” or “Chimera”) announced today that its Board of Directors declared the second quarter common stock dividend. The Company also announced an increase in the amount authorized under its common stock repurchase program.

Chimera Investment Corporation, Inc. (NYSE: CIM) (the “Company”) today announces a correction to the ex-dividend date for the dividend payments on June 30, 2023 for the 8% Series A Cumulative Redeemable Preferred Stock, 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and 8% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (together, the “Preferred Stock”). The ex-dividend date will be June 16, 2023 rather than the previously announced date of June 19, 2023, due to the statutory holiday on June 19, 2023. All other dates and information relating to the Preferred Stock dividend payments on June 30, 2023, as previously communicated in the Company’s June 1, 2023 press release, remain unchanged.

The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2023 to preferred shareholders of record on June 20, 2023. The ex-dividend date is June 19, 2023.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2023.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended March 31, 2023 on Thursday, May 4, 2023 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 4,2023 at 8:30 a.m. EDT.

The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable March 30, 2023 to preferred shareholders of record on March 1, 2023. The ex-dividend date is February 28, 2023.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the fourth quarter and full year ended December 31, 2022.

Chimera Investment Corporation (NYSE: CIM) (the "Company") declared today its first quarter 2023 common stock dividend, announced preliminary financial results for the fourth quarter 2022, and provided an update on book value in January 2023.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the fourth quarter and full year ended December 31, 2022 on Wednesday, February 15, 2023 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 15, 2023 at 8:30 a.m. EDT.

Chimera Investment Corporation (“Chimera” or the “Company”) (NYSE:CIM) today announced leadership changes intended to strengthen the Company’s performance, and position the Company to navigate changing market dynamics.

The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.23 per share of common stock. The dividend is payable January 31, 2023 to shareholders of record on December 30, 2022. The ex-dividend date is December 29, 2022.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2022.

The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable December 30, 2022 to preferred shareholders of record on December 16, 2022. The ex-dividend date is December 15, 2022.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the third quarter ended September 30, 2022 on Thursday, November 3, 2022 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, November 3, 2022 at 8:30 a.m. EDT.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2022. The Company’s GAAP net loss for the second quarter was $180 million, or $0.76 per diluted common share. Earnings available for distribution(1) for the second quarter ended June 30, 2022 was $74 million, or $0.31 per diluted common share.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the second quarter ended June 30,2022 on Thursday, August 4, 2022 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, August 4,2022 at 8:30 a.m. EDT.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2022. The Company’s GAAP net loss for the first quarter was $281 million, or $1.19 per diluted common share. Earnings available for distribution(1) for the first quarter ended March 31, 2022 was $94 million, or $0.39 per diluted common.

The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.33 per common share. The dividend is payable July 28, 2022 to common stockholders of record on June 30, 2022. The ex-dividend date is June 29, 2022.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended March 31,2022 on Thursday, May 5,2022 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 5,2022 at 8:30 a.m. EDT.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that on March 24, 2022, John P. Reilly, an independent member of the Board of Directors (the “Board”) of the Company since April 2010, notified the Company that he will not stand for re-election at the Company’s 2022 Annual Meeting of Stockholders. Mr. Reilly’s term will end at the conclusion of the Company’s 2022 Annual Meeting Date.

The Board of Directors of Chimera Investment Corporation announced the declaration of its first quarter cash dividend of $0.33 per common share. The dividend is payable April 28, 2022 to common stockholders of record on March 31, 2022. The ex-dividend date is March 30, 2022.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the fourth quarter ended December 31, 2021. The Company’s GAAP net loss for the fourth quarter was $718 thousand, or $0.00 per diluted common share and net income was $596 million, or $2.44 per diluted common share for the full year ended December 31, 2021. Earnings available for distribution(1) for the fourth quarter and full year ended December 31, 2021 was $111 million, or $0.46 per diluted common share and $429 million, or $1.78 per diluted common share, respectively.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the fourth quarter and full year ended December 31, 2021 on Thursday, February 17, 2022 prior to 7:00 a.m. ET. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, February 17, 2022 at 8:30 a.m. ET.

The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.33 per common share. The dividend is payable January 27, 2022 to common stockholders of record on December 30, 2021. The ex-dividend date is December 29, 2021.

Chimera Investment Corporation (NYSE:CIM) (the “Company”) announced today that Sandra Bell has been appointed to the Company’s Board of Directors as a Class II Director. Ms. Bell will stand for election at the Company’s 2022 shareholder meeting for the remaining two years of the Class II Director term. Ms. Bell will serve on the Audit Committee, as a Financial Expert, and the Risk Committee of the Company’s Board of Directors.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2021. The Company’s GAAP net income for the third quarter was $313 million, or $1.30 per diluted common share. Earnings available for distribution(1) for the third quarter ended September 30, 2021 was $102 million, or $0.42 per diluted common share.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the third quarter ended September 30, 2021 on Wednesday, November 3, 2021 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, November 3, 2021 at 8:30 a.m. EDT.

The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.33 per common share. The dividend is payable October 28, 2021 to common stockholders of record on September 30, 2021. The ex-dividend date is September 29, 2021.

Chimera Investment Corporation (NYSE:CIM) announced that since the end of the second quarter, it has sponsored two securitizations of residential mortgage loans with an aggregate principal balance $885 million.

The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2021 to preferred shareholders of record on September 17, 2021. The ex-dividend date is September 16, 2021.

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2021. The Company’s GAAP net income for the second quarter was $145 million, or $0.60 per common share. Core earnings(1) for the second quarter ended June 30, 2021 was $130 million, or $0.54 per common share.

Chimera Investment Corporation, Inc. (NYSE:CIM) (the “Company”) announced today that Subramaniam (“Subra”) Viswanathan has joined the Company as the Chief Financial Officer effective July 31, 2021. On June 22, 2021, the Company appointed Mr. Viswanathan as the Company’s Chief Financial Officer and Principal Financial Officer, to be effective as soon as practicable, but not later than September 15, 2021.

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended June 30, 2021 on Wednesday, August 4, 2021 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, August 4, 2021 at 8:30 a.m. EDT.

On June 25, 2021, Chimera Investment Corporation (NYSE:CIM) sponsored CIM 2021-R4, a $545.7 million securitization of seasoned reperforming residential mortgage loans. The mortgage loans for the securitization were from the termination of Chimera’s CIM 2018-R1, CIM 2018-R2, and CIM 2018-R4 securitizations (the “Prior Securitizations”).

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2021. The Company’s GAAP net income for the first quarter was $139 million, or $0.54 per common share. Core earnings(1) for the first quarter ended March 31, 2021 was $87 million, or $0.36 per common share.

The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.33 per common share. The dividend is payable July 30, 2021 to common stockholders of record on June 30, 2021. The ex-dividend date is June 29, 2021.

On April 26, 2021, Chimera Investment Corporation (NYSE:CIM) sponsored two securitizations totaling $977.1 million, $859.7 million CIM 2021-R3 and $117.4 million CIM 2021-NR3 of seasoned residential mortgage loans. The mortgage loans for both securitizations were from the termination of Chimera’s CIM 2017-1, CIM 2017-5, and CIM 2017-6 securitizations (the “Prior Securitizations”).