Chimera Investment Corp. reports news about its business as an internally managed real estate investment trust focused on residential real estate assets and mortgage credit. The company invests in, originates, and manages mortgage assets including residential mortgage loans, Non-Agency RMBS, Agency RMBS, Agency CMBS, mortgage servicing rights, RTLs, investor loans, junior liens, HELOCs, equity appreciation rights, and reverse mortgages.
Recurring updates cover quarterly and annual earnings, earnings available for distribution, book-value measures, portfolio positioning, and dividend actions for common and preferred stock. News also reflects Chimera's operating platforms, including Palisades Advisory Services for asset management and HomeXpress Mortgage Corp. for non-QM, QM, consumer, and investor mortgage loan originations.
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Chimera Investment Corporation (NYSE: CIM) announced its financial results release date for the first quarter ended March 31, 2023, scheduled for May 4, 2023, prior to 7:00 a.m. EDT. An audio conference call will follow at 8:30 a.m. EDT the same day to discuss these results. Investors can participate using the U.S. toll-free number (866) 682-6100 or the international line (862) 298-0702. A replay of the call will be available for two weeks post-event, accessible via (877) 660-6853 in the U.S. and (201) 612-7415 internationally, using the conference ID 13737565. The company specializes in investing in a diversified portfolio of real estate assets, including mortgage loans and various types of mortgage-backed securities.
Chimera Investment Corporation has declared its first quarter 2023 dividends for various series of preferred stock. Shareholders will receive $0.50 per share for Series A, Series B, and Series D Cumulative Redeemable Preferred Stock, and $0.484375 for Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. All dividends are payable on March 30, 2023, to shareholders of record as of March 1, 2023, with an ex-dividend date of February 28, 2023. These dividends reflect the company's robust commitment to providing returns to its shareholders.
Chimera Investment Corporation (NYSE:CIM) reported financial results for Q4 and full year 2022. Notable metrics include Q4 GAAP net income of $0.34 per diluted share, contrasting with a full year GAAP net loss of $587 million ($2.51 per diluted share). For the year, earnings available for distribution totaled $256 million ($1.08 per share). The company's GAAP book value stands at $7.49 per share, with a 3.8% book value return in Q4. Significant actions in Q4 included settling $463 million of fixed-rate loans and committing to purchase $900 million in residential mortgage loans to enhance future earnings. As of January 31, 2023, cash totaled approximately $365 million.