Chimera Invt Corp - CIM STOCK NEWS

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.

The Board of Directors of Chimera Investment Corporation has declared a fourth quarter cash dividend of $0.30 per common share, payable on January 29, 2021, to common stockholders of record by December 30, 2020. Additionally, several preferred stock dividends were announced, including $0.50 for Series A, Series B, and Series D, all payable on December 30, 2020, with a record date of December 15, 2020. Series C will pay $0.484375 on the same date. The ex-dividend date for common stock is December 29, 2020.

Chimera Investment Corporation (NYSE:CIM) has announced the retirement of Matthew J. Lambiase as President and CEO, effective December 31, 2020. He will remain on the Board of Directors. Mohit Marria will succeed Lambiase as CEO starting January 1, 2021, and will also continue as Chief Investment Officer. Choudhary Yarlagadda has been appointed as President while retaining his role as Chief Operating Officer. The Board expresses confidence in the leadership transition, aiming to enhance shareholder value.

Chimera Investment Corporation (CIM) reported strong financial results for Q3 2020, achieving a GAAP net income of $349 million, or $1.32 per share, and core earnings of $80 million, translating to $0.33 per share. The firm focused on strengthening its balance sheet, which supported its performance and allowed for three securitizations and the acquisition of $640 million in loans. Their total assets decreased to $18.09 billion from $27.12 billion year-over-year, while total liabilities were $14.40 billion against $23.17 billion in 2019.

Chimera Investment Corporation (NYSE: CIM) is set to release its financial results for the third quarter ending September 30, 2020, on November 4, 2020, before 7:00 a.m. EST. A conference call and audio webcast will follow the release at 9:00 a.m. EST on the same day, allowing investors to discuss the results. Interested participants can join via the provided call-in numbers or access the webcast online. A replay of the call will be available for one week post-event.