PreferredStockChannel
Chimera Investment Corp | 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM.PRD)

Prospectus excerpt:  We are offering 7,400,000 shares of our 8.00% Series D 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 D Preferred Stock. Holders of Series D Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, March 30, 2024 at a fixed rate equal to 8.00% per annum of the $25.00 per share liquidation preference (equivalent to $2.00 per annum per share) and (ii) from and including March 30, 2024, at a floating rate equal to three-month LIBOR plus a spread of 5.379% 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 June 30, 2019 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series D Preferred Stock.

Full Prospectus PDF », CIM Page »

Series:D
Alternate symbology:CIM-D, CIM-PD, CIMprD
Redeemable?:Yes
Call Date:3/30/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:7,400,000
Overallotment:1,100,000
Liquidation Preference:$25
Recent Market Price:$25.51
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.51 (2.04%)
Annualized Dividend:2
Recent Ex-Date:9/16/2021
Current Yield:7.84%
Original Coupon:8.00%
Pay Period:Quarterly
Pay Dates:30-Mar, 30-Jun, 30-Sep, 30-Dec
CDx3 Compliance Rating: Learn CIM.PRD's Rating
Chimera Investment is a real estate investment trust engaged in investing in mortgage assets. Co.'s investment portfolio includes: Residential Mortgage Loans, which invests in residential mortgage loans through secondary market purchases from banks, non-bank financial institutions, and federally chartered corporations; Residential Mortgage-Backed Securities, which Co. invests in mortgage pass-through certificates issued or guaranteed by the Government National Mortgage Association, Federal National Mortgage Association or Federal Home Loan Mortgage Corporation; Agency mortgage-backed securities; and Other Real-Estate Related Assets.

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: 
37 (see which ones)
Total Market Value Held by ETFs: 
$376,389,826.4
Total Market Capitalization: 
$3,766,000,000
% of Market Cap. Held by ETFs: 
9.99%

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