Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change

07LEO Back at the start of July, Dane Bowler delivered a thorough review of Chimera Investment Corporation's (NYSE:CIM) operations and detailed the opportunities that may exist in CIM's spectrum of preferred equities. At the time, market conditions described that the preferred Series B (NYSE:CIM.PR.B) and Series D (NYSE:CIM.PR.D), which had recently converted to paying floating rate dividends, seemed to be the clear choice for total return. Later a couple of Labor Department reports, however, moved financia ...