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) reported its Q1 2021 financial results, achieving a GAAP net income of $139 million or $0.54 per common share, with core earnings of $87 million or $0.36 per common share. The company emphasized its focus on portfolio optimization and re-securitization activities aimed at reducing financing costs and enhancing capital for future investments. CEO Mohit Marria noted that these strategies will provide long-term benefits to the portfolio.
On April 26, 2021, Chimera Investment Corporation (NYSE:CIM) launched two securitizations totaling $977.1 million: CIM 2021-R3 at $859.7 million and CIM 2021-NR3 at $117.4 million. The CIM 2021-R3 securitization included approximately $730.8 million in senior securities, representing 85% of the capital structure, with Chimera retaining $128.9 million in subordinate interests. The CIM 2021-NR3 had approximately $82.1 million in senior securities, accounting for 70%. The expected weighted average cost of debt is 2.12%, down from 4.14% for prior securitizations.
Chimera Investment Corporation (NYSE: CIM) announced its plans to release financial results for Q1 2021 on May 5, 2021, before 7:00 a.m. EDT. An accompanying conference call will occur at 8:30 a.m. EDT on the same day, where the company will discuss its financial performance. Investors can access the call by dialing (866) 643-4456 for U.S. toll-free or (703) 546-4241 for international participants, using Conference ID 8958472. A replay will be available for one week after the call.
Chimera Investment Corporation (NYSE: CIM) announced that on March 31, 2021, Dennis Mahoney will not stand for re-election at the 2021 Annual Meeting of Shareholders, where Paul Donlin will also retire. Mahoney has been an independent board member since April 2010 and served as Chairman of the Audit Committee. Donlin, a founding member and distinguished Chairman of the Board for over 13 years, played a key role in the company's success. The company appreciates their contributions during their tenure.
Chimera Investment Corporation (NYSE:CIM) announced two significant securitizations on March 25, 2021, totaling approximately $1.74 billion. The CIM 2021-R2 securitization is valued at $1.5 billion, while CIM 2021-NR2 is approximately $240.4 million. Both securitizations involved seasoned residential mortgage loans, with CIM retaining subordinate interests worth $224.6 million and $60.1 million respectively. The weighted average cost of debt for these securitizations is notably lower at 2.24%, compared to 4.22% for prior ones. Additionally, Chimera retired a $400 million loan, further strengthening its financial position.
The Board of Directors of Chimera Investment Corporation has declared its first quarter cash dividend of $0.30 per common share, payable on April 30, 2021. Shareholders on record as of March 31, 2021 will be eligible, with the ex-dividend date set for March 30, 2021. Additionally, the Board announced dividends for preferred stocks, including $0.50 for Series A, B, and D, and $0.484375 for Series C, all payable on March 31, 2021 to record holders as of March 25, 2021.
On February 25, 2021, Chimera Investment Corporation (NYSE:CIM) announced the successful sponsorship of two securitizations: CIM 2021-R1, worth $2.1 billion, and CIM 2021-NR1, totaling $233 million. The loans in these securitizations are sourced from prior transactions. The CIM 2021-R1 securities have a senior balance of approximately $1.8 billion, while CIM 2021-NR1’s senior balance is around $163 million. Notably, the expected weighted average cost of debt for these securitizations is significantly lower at 2.04%, compared to 5.20% for previous securitizations.
Chimera Investment Corporation (NYSE: CIM) announced the resignation of Teresa Bryce Bazemore from its Board of Directors, effective February 28, 2021. This decision comes as she takes on new responsibilities as the President and CEO of the Federal Home Loan Bank of San Francisco. Chairman Gerry Creagh expressed gratitude for her contributions to the board. Chimera Investment Corporation is a publicly traded REIT focused on a diversified portfolio, including mortgage loans and real estate assets.
Chimera Investment Corporation (CIM) reported a GAAP net income of $129 million (or $0.49 per share) for Q4 2020, with annual net income at $15 million ($0.07 per share). Core earnings reached $72 million ($0.29 per share) in Q4 and $334 million ($1.46 per share) for the year. The company experienced a 22% rebound in book value since mid-2020 and completed four securitizations totaling $4.2 billion. Total assets stood at $17.5 billion as of December 31, 2020.
Chimera Investment Corporation (NYSE: CIM) is set to announce its financial results for Q4 and full year ended December 31, 2020, on February 10, 2021, prior to 7:00 a.m. EDT. The company will host a conference call and audio webcast at 8:30 a.m. EDT that same day to discuss the results. Investors can join the call via a toll-free number or online webcast. A replay will be available for a week post-call. Chimera is a publicly traded REIT focused on investing in a diversified portfolio of real estate assets, including mortgage loans and various types of RMBS.