Chimera Investment Corp. - CIM STOCK NEWS

Chimera Investment Corporation's Board has declared its fourth quarter 2022 cash dividends for various series of preferred stock. Key details include:

• Series A: $0.50 per share, payable December 30, 2022.
• Series B: $0.50 per share, payable December 30, 2022.
• Series C: $0.484375 per share, payable December 30, 2022.
• Series D: $0.50 per share, payable December 30, 2022.

All dividends are for shareholders of record as of December 16, 2022, with an ex-dividend date of December 15, 2022.

Chimera Investment Corporation (CIM) reported a GAAP net loss of $0.88 per diluted common share for Q3 2022. Earnings available for distribution stood at $0.27 per diluted common share. As of September 30, 2022, the GAAP book value per common share was $7.44. The company extended a $489 million non-mark-to-market facility by 29 months and committed to purchasing $687 million in residential loans. Following the quarter, they increased their cash position to approximately $350 million. Elevated market volatility has posed challenges but also created opportunities.

Chimera Investment Corporation (NYSE: CIM) announced plans to release its financial results for Q3 2022 on November 3, 2022, before 7:00 a.m. EDT. A conference call is scheduled for the same day at 8:30 a.m. EDT to discuss the results. Investors can participate via a toll-free number or stream the call online. Replay options will be available for two weeks. The company is involved in investing in a diversified portfolio of real estate assets, including mortgage loans and securities.

The Board of Directors of Chimera has declared a cash dividend of $0.23 per share for the third quarter of 2022. This dividend is payable on October 31, 2022, to shareholders of record as of September 30, 2022. The ex-dividend date is set for September 29, 2022. This announcement signals ongoing confidence in the company's ability to return value to its shareholders, despite potential market challenges.

Clearwater Analytics (NYSE: CWAN) announced its collaboration with Chimera Investment Corporation (NYSE: CIM), a New York-based REIT, to enhance investment data management and reporting. This partnership aims to provide the high-quality data transparency that REITs require, streamlining extensive internal processes hindered by outdated solutions. Clearwater's automated system will support Chimera's complex portfolio, which includes various mortgage-backed securities, through improved accounting and compliance with GAAP. The solution is expected to scale with Chimera's growth and evolving regulatory demands.

Chimera Investment Corporation (NYSE:CIM) reported a GAAP net loss of $180 million, or $0.76 per diluted share for Q2 2022. Despite challenging market conditions with rising interest rates, earnings available for distribution were $74 million or $0.31 per diluted share. The company's book value stood at $8.82 per share. During the quarter, Chimera successfully repurchased 5.4 million shares of its common stock. Total assets decreased to $14.03 billion from $15.41 billion at year-end 2021, while liabilities dropped to $11.06 billion from $11.67 billion.

Chimera's Board of Directors has declared its third quarter 2022 dividends for preferred shareholders. The dividends include: $0.50 per share for 8% Series A and Series B, $0.484375 for 7.75% Series C, and $0.50 for 8% Series D, all payable on September 30, 2022. Shareholders of record as of September 1, 2022 will receive these dividends, with the ex-dividend date set for August 31, 2022.

Chimera Investment Corporation (NYSE: CIM) has announced the release date for its financial results for Q2 2022, which will be available on August 4, 2022, before 7:00 a.m. EDT. An accompanying conference call is scheduled for the same day at 8:30 a.m. EDT. Investors can join via toll-free call (888) 437-3179 or access the audio webcast. A replay will be accessible for two weeks post-call.

Chimera Investment Corporation (NYSE:CIM) reported a GAAP net loss of $281 million ($1.19 per diluted share) for Q1 2022, contrasting with a profit of $139 million in Q1 2021. However, earnings available for distribution stood at $94 million ($0.39 per diluted share), including $0.07 from called agency CMBS securities. The company executed a strategy to acquire $807 million in residential re-performing loans and initiated a $328 million securitization. Despite the losses, these actions are anticipated to enhance earnings moving forward.