NEW YORK--(BUSINESS WIRE)--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. The Board of Directors of Chimera also announced the declaration of its first quarter cash dividend of $0.50 per share of 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Pr ...

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the fourth quarter and full year ended December 31, 2023. Financial Highlights: 4TH QUARTER GAAP NET INCOME OF $0.05 PER DILUTED COMMON SHARE 4TH QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(1) OF $0.13 PER DILUTED COMMON SHARE FULL YEAR GAAP NET INCOME OF $52 MILLION, OR $0.23 PER DILUTED COMMON SHARE FULL YEAR EARNINGS AVAILABLE FOR DISTRIBUTION(1) OF $119 MILLION, OR $0.51 PER DILUTED ...

NEW YORK--(BUSINESS WIRE)--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. Call-in Number: U.S. Toll Free (866) 604-1613 International (201) 689-7810 Webcast ...

Financing Interest Rate Hedging $1.9 billion of floating rate financing $1.0 billion of interest rate swaps Interest rate swaps hedge 53% of the floating rate liabilities $1.5 billion of interest rate swaptions Weighted average pay-fixed rate of 3.56% Liquidity $139 million in cash Q3 2023 Post Q3 2023 (1) Investment Portfolio Book value per share lower by approximately 2% to 3% post Q3 2023. Refinanced $250 million of high-cost fixed rate Non-MtM financing into new 2-year capped floating rate Limited MtM f ...

In fact, the sustained move in the 10-year treasury yields above 5% cannot be ruled out. Home sales are on pace for the slowest year since the great financial crisis, elevated home prices, constrained housing inventory and high mortgage rates have created a trifecta of headwinds perpetuating the housing affordability crisis. Apart from the data-driven volatility, there is also a rising risk of government shutdown and an escalation of the war in the Middle East that can further exasperate volatility in the c ...

difference between the model generated prices and third-party prices provided in excess of the thresholds for the period. The internally developed prices were $14 million higher, in the aggregate, than the third-party prices provided of $82 million. After review and discussion, the Company affirmed and valued the investments at the higher internally developed prices. No other differences were noted at December 31, 2022 in excess of the thresholds for the period. Loans consisting of seasoned reperforming res ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|---------------------|-------------|----------------|-------------------------------------------|-------|-------|---------------------------------------------------------------------|-------|-------|-----------------------|-------| | Q2 2023 Key Loan Statistics \nTotal Current Unpaid Principal Balance (UPB) | $12.6 Billion (1) | | have been low. | Delinque ...

Victor Falvo - Head, Capital Markets Conference Call Participants Operator Thank you, operator and thank you, everyone, for participating in Chimera's second quarter 2023 earnings conference call. I will now turn the conference over to our Chief Executive Officer, Phil Kardis. Let me describe our quarterly securitization activity at high level. In April, we sponsored CIM 2023-I1, a rated securitization of non-QM & Investor Loans, totaling approximately $236 million. Approximately 87% of the capital structur ...

30 Days Delinquent 60 Days Delinquent 90+ Days Delinquent Bankruptcy Foreclosure REO Total Unpaid Principal Balance (dollars in thousands) The Company applies fair value guidance in accordance with GAAP to account for its financial instruments. The Company categorizes its financial instruments, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or ...

The slingshot changes we experienced during the quarter created some unforeseen challenges. The heightened rate of volatility and spread widening that occurred impacted the timing and the execution of the securitizations of the loans we committed to purchase early in the quarter. The extreme rate volatility also had a negative impact on our longer dated hedge instruments, resulting in approximately $34 million of realized losses on derivatives for the period. We engaged in these re-lever transactions for se ...