CHIMERA INVESTMENT CORP (CIM) SEC Filings

Chimera Investment Corporation filed a Form S-8 to register securities for an employee benefit plan, specifically the Chimera Investment Corporation Inducement Award Plan, and included a form of Restricted Stock Unit for that plan. The filing references prior periodic reports and exhibits incorporated by reference, including the company’s amended articles and bylaws and legal and auditor consents. Several officers and directors granted power of attorney authority for filing amendments, with dates shown as October 1, 2025. The document lists standard exhibits such as legal opinions, consents, and a filing fee table.

Chimera Investment Corporation reports that as of December 31, 2024, approximately 88% of its interest-earning assets were residential mortgage loans, 8% Non-Agency RMBS and 4% Agency MBS. The filing describes HomeXpress, a national non‑QM lending channel that sources loans via independent mortgage brokers and correspondent lenders, finances them through warehouse facilities and sells aggregated loans to institutional investors for cash premiums. The company emphasizes disciplined underwriting, secondary-market execution, cost efficiency and capital utilization. The charter includes classified board terms and control-share and removal provisions. The filing discusses REIT tax rules, reliance on Revenue Procedure 2014-51 for loan valuation safe harbor, treatment of TBAs, potential excise or corporate tax for COD income, and withholding rules for non-U.S. and tax-exempt holders.

Chimera Investment Corporation disclosed the issuance details for a fixed‑rate senior note: a 9.250% Senior Note due 2029 is associated with the company and the New York Stock Exchange is referenced in the filing. The notice is signed by the company's Chief Financial Officer, Subramaniam Viswanathan, confirming the company filed an item reporting a material event. The filing provides a clear, single‑line disclosure of the debt instrument's coupon and maturity year but contains limited additional operational or financial details.

Chimera Investment Corporation (CIMO) disclosed actions related to a debt issuance and governing documents on September 16, 2025. The filing references the existing Indenture dated April 13, 2020 and a Fourth Supplemental Indenture dated September 16, 2025, and incorporates by reference a Form of 8.875% Senior Notes due 2030. Proceeds are described as usable for purchases of mortgage-related assets including non-Agency RMBS, Agency RMBS, Agency CMBS, mortgage servicing rights and other targeted assets, and for general corporate purposes such as repayment of outstanding indebtedness, working capital and liquidity needs. The filing includes legal opinions and consents from Venable LLP and Hunton Andrews Kurth LLP, and an Inline XBRL cover page. The document is signed by Miyun Sung, Chief Legal Officer and Secretary.

Chimera Investment Corporation launched and priced a registered underwritten public offering of $115 million aggregate principal amount of 8.875% Senior Notes due 2030. The company also granted the underwriters a 30-day option to buy up to an additional $17.25 million of these notes to cover any over-allotments.

The notes are being issued under an effective shelf registration statement on Form S-3 and a related prospectus supplement dated September 9, 2025. Chimera entered into an underwriting agreement with a syndicate led by Morgan Stanley, RBC Capital Markets, UBS, Wells Fargo Securities, Keefe, Bruyette & Woods, and Piper Sandler, which includes customary representations, covenants and indemnification provisions. The offering is scheduled to close on September 16, 2025, subject to customary closing conditions.

Chimera Investment Corp. (CIM) is offering debt securities with an aggregate principal amount of $115.0 million (per note price $25.00), with an over-allotment option increasing aggregate proceeds to $132.25 million. The company intends to use net proceeds to acquire mortgage-related assets including residential mortgage loans, Non-Agency RMBS, Agency RMBS, Agency CMBS and mortgage servicing rights, and for general corporate purposes.

As of June 30, 2025, consolidated indebtedness totaled $11.7 billion (about $11.6 billion secured; $140.0 million unsecured). The investment portfolio mix at June 30, 2025 was ~74% residential mortgage loans, 19% Agency MBS, 7% Non-Agency RMBS, down from 88% residential loans at year-end 2024. The prospectus notes an acquisition of HomeXpress Mortgage Corp. through a Stock Purchase Agreement assigned to Chimera Funding TRS LLC, making HomeXpress an indirect wholly-owned subsidiary upon closing. The indenture places no financial covenants and permits issuer optional redemption on or after August 15, 2027 at par plus accrued interest.

Chimera Investment Corp. is offering debt securities to fund acquisitions of mortgage-related assets and for general corporate purposes. As of June 30, 2025, the company reported $11.7 billion of consolidated indebtedness, of which approximately $11.6 billion was secured and about $140.0 million was unsecured (represented by senior notes). The company intends to use net proceeds to acquire residential mortgage loans, Non-Agency RMBS, Agency RMBS, Agency CMBS, mortgage servicing rights and related assets and to repay or pay down liabilities. Portfolio composition shifted between Dec 31, 2024 and June 30, 2025: residential mortgage loans represented ~74% of the investment portfolio at June 30, 2025 (vs ~88% at Dec 31, 2024), Agency MBS ~19% (vs 4%), and Non-Agency RMBS ~7% (vs 8%). The prospectus notes an acquisition of HomeXpress Mortgage Corp. via a subsidiary and specifies that the indenture for the notes will not include financial covenants or limits on additional indebtedness. The offering contemplates maintaining proceeds in short-term investment-grade securities pending deployment and describes withholding and tax treatment for non-U.S. noteholders and stockholders.