Welcome to our dedicated page for Chimera Invt news (Ticker: CIM), a resource for investors and traders seeking the latest updates and insights on Chimera Invt stock.
Chimera Investment Corporation (NYSE: CIM) is a mortgage-focused real estate investment trust whose news flow centers on mortgage credit, capital markets activity, and corporate developments. The company regularly issues press releases and related Form 8-K filings covering its financial results, dividends, securities offerings, and acquisitions.
Investors following CIM news will see quarterly earnings announcements that detail GAAP net income, earnings available for distribution, book value metrics, and the performance of its diversified portfolio of mortgage assets. These earnings releases are often accompanied by conference call and webcast details, as well as investor presentations posted on the company’s website and referenced in SEC filings.
Chimera also frequently reports on its dividend declarations for both common and preferred stock. Recent news includes board-approved quarterly cash dividends on common shares and multiple series of cumulative redeemable preferred stock, with corresponding Form 8-K filings describing the amounts, record dates, and payment dates.
Another key category of CIM news involves capital raising and balance sheet activity, such as the pricing and closing of public offerings of senior notes. These announcements outline coupon rates, maturities, listing symbols for the notes, and intended uses of proceeds, including financing the acquisition of residential mortgage loans, RMBS, CMBS, MSRs, and other targeted assets.
Corporate transaction updates, including the acquisition of HomeXpress Mortgage Corp. and related inducement equity awards under NYSE Rule 303A.08, are also prominent in Chimera’s news. For investors tracking mortgage REITs, CIM news provides ongoing insight into the company’s portfolio strategy, funding actions, and expansion of its mortgage lending and investment management platforms.
Bookmark this page to review a consolidated stream of Chimera Investment Corporation press releases, earnings updates, dividend announcements, capital markets transactions, and other material events as disclosed in company communications and SEC reports.
Chimera Investment Corporation (NYSE: CIM) plans to release its third quarter financial results for the period ended September 30, 2021 on November 3, 2021, prior to 7:00 a.m. EDT. A conference call will follow at 8:30 a.m. EDT to discuss the results. Interested parties can participate via toll-free numbers or through an audio webcast available on the company’s website. A replay of the call will be accessible for one week post-event.
The Board of Directors of Chimera Investment Corporation has declared a third-quarter cash dividend of $0.33 per common share, payable on October 28, 2021. Shareholders on record as of September 30, 2021 will benefit from this dividend, with the ex-dividend date set for September 29, 2021. This announcement underscores Chinera's commitment to returning value to its shareholders amidst ongoing market fluctuations.
Chimera Investment Corporation (NYSE:CIM) announced the sponsorship of two securitizations totaling $885 million since the end of Q2. The CIM 2021-R5 on September 7, 2021 is a $450.4 million securitization of seasoned mortgage loans, with $382.8 million sold to institutional investors, retaining $67.6 million in subordinate interests. Additionally, a $434.7 million securitization named CIM 2021-INV1 was completed in August. Both securities have clean-up call options and favorable debt costs.
The Board of Directors of Chimera announced the declaration of its third quarter cash dividends for 2021. The dividends are as follows: $0.50 per share for Series A, Series B, and Series D, and $0.484375 per share for Series C. All dividends are payable on September 30, 2021, with record dates of September 17, 2021, and an ex-dividend date of September 16, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders through consistent dividend payments.
Chimera Investment Corporation (NYSE:CIM) reported a GAAP net income of $145 million ($0.60 per share) for Q2 2021, alongside core earnings of $130 million ($0.54 per share). The company successfully refinanced 12 securitizations worth over $5.6 billion, reducing its cost of debt by approximately 245 basis points. Total assets as of June 30, 2021, were $15.86 billion, down from $17.52 billion at the end of 2020. Liabilities decreased to $12.23 billion from $13.74 billion.
Chimera Investment Corporation (NYSE:CIM) announced the appointment of Subramaniam Viswanathan as Chief Financial Officer effective July 31, 2021. Previously, Viswanathan held significant roles at Bank of America Merrill Lynch and Citigroup, specializing in mortgages and securitization. The company's CEO, Mohit Marria, expressed confidence that Viswanathan's extensive experience will greatly benefit the organization. Chimera Investment Corporation focuses on investing in a diversified portfolio of real estate assets, including mortgage loans and various types of securities.
Chimera Investment Corporation (CIM) announced plans to release its financial results for Q1 ended June 30, 2021, on August 4, 2021, prior to 7:00 a.m. EDT. An audio webcast and conference call to discuss these results will occur the same day at 8:30 a.m. EDT. Investors can call in via U.S. Toll Free at (866) 342-8591 or International at (203) 518-9713. The conference ID is CIMQ221. A replay will be available for one week post the call.
On June 25, 2021, Chimera Investment Corporation (NYSE:CIM) announced the CIM 2021-R4 securitization, totaling $545.7 million in seasoned reperforming residential mortgage loans. Of this, approximately $463.8 million was sold to institutional investors, with Chimera retaining $81.9 million in subordinate interests. The average cost of debt for this securitization is significantly lower at 1.97%, compared to 3.79% for prior securitizations. Additionally, Chimera sponsored a $320.3 million prime jumbo securitization rated by Moody's and Fitch.
Chimera Investment Corporation (NYSE:CIM) announced the appointment of Kevin G. Chavers to its Board of Directors. Chavers, who brings over 34 years of experience in the real estate finance and mortgage industry, will chair the Compensation Committee and serve on the Risk Committee. His previous roles include Managing Director at BlackRock and Morgan Stanley, as well as President of Ginnie Mae. The company's Chairman, Gerry Creagh, expressed confidence that Chavers' expertise will greatly benefit Chimera.
The Board of Directors of Chimera Investment Corporation has declared its second quarter cash dividend of $0.33 per common share, payable on July 30, 2021. Shareholders on record as of June 30, 2021 will receive it, with an ex-dividend date set for June 29, 2021. Additionally, multiple preferred stock dividends were announced, including $0.50 per share for the 8% Series A and B Cumulative Redeemable Preferred Stocks, and $0.484375 for the 7.75% Series C, all payable on June 30, 2021. The ex-dividend date for preferred shares is May 28, 2021.