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 », CIM Page »