Chimera Investment Corp | 8.00% Series A Cumulative Redeemable Preferred Stock (CIM.PRA)
Prospectus excerpt: We are offering 5,400,000 shares of our 8.00% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, or the Series A Preferred Stock. Holders of Series A Preferred Stock will be entitled to receive cumulative cash dividends at a rate of 8.00% per annum of the $25.00 per share liquidation preference (equivalent to $2.00 per annum per share). Dividends will be payable quarterly in arrears on the 30th day of each December, March, June and September, when and as declared, beginning on December 30, 2016. Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series A Preferred Stock.
Chimera Investment is a holding company. Through its subsidiaries, Co. is a real estate investment trust that is engaged in the business of investing directly or having an interest in a portfolio of mortgage assets, including residential mortgage loans, mortgage-backed securities (MBS) secured by pools of residential mortgage loans and are issued or guaranteed by a federally chartered corporation, such as Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, or an agency of the U.S. Government, such as Government National Mortgage Association (collectively, Agency), and residential MBS that are not guaranteed by any agency of the U.S. Government or any Agency.