PreferredStockChannel
Chimera Investment Corp | 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM.PRC)

Prospectus excerpt:  We are offering 10,000,000 shares of our 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, or the Series C Preferred Stock. Holders of Series C Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, September 30, 2025 at a fixed rate equal to 7.75% per annum of the $25.00 per share liquidation preference (equivalent to $1.9375 per annum per share) and (ii) from and including September 30, 2025, at a floating rate equal to three-month LIBOR plus a spread of 4.743% per annum. Dividends will be payable quarterly in arrears on the 30th day of March, June, September and December of each year, when and as declared, beginning on December 30, 2018 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series C Preferred Stock.

Full Prospectus PDF », Secondary Prospectus PDF », CIM Page »

Series:C
Alternate symbology:CIM-C, CIM-PC, CIMprC
Redeemable?:Yes
Call Date:9/30/2025
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:10,000,000
Overallotment:1,500,000
Liquidation Preference:$25.00
Recent Market Price:$20.50
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.50 (-18.00%)
Annualized Dividend:1.9375
Recent Ex-Date:2/29/2024
Current Yield:9.45%
Original Coupon:7.75%
Pay Period:Quarterly
Pay Dates:30-Mar, 30-Jun, 30-Sep, 30-Dec
CDx3 Compliance Rating: Learn CIM.PRC's Rating
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.

Preferreds: CIM.PRA, CIM.PRB, CIM.PRC, CIM.PRD


Open the CIM Information Page »
Name: 
Chimera Investment Corp
Website: 
www.chimerareit.com
Sector: 
REITs
Number of ETFs Holding CIM: 
28 (see which ones)
Total Market Value Held by ETFs: 
$168,429,888.54
Total Market Capitalization: 
$1,067,000,000
% of Market Cap. Held by ETFs: 
15.79%

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Chimera Investment Corp | 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM.PRC) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.