CIM-C Chimera Investment 7.75% Series C Fixed-to-Floating Rate Cumulative Preferred

Quarterly cumulative dividends, in arrears, on March 30, June 30, September 30 and December 30, 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 liquidation preference ($1.9375 per annum per share), and from and including September 30, 2025, at a floating rate equal to three-month LIBOR plus a spread of 4.743% per annum of the $25.00 per share liquidation preference. The issuer may redeem the shares on or after September 30, 2025.  This security was issued by Chimera Investment Corp, whose common stock symbol is CIM.

$17.74  +0.25 (1.43%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  09/14/2018
Outstanding shares:  10,400,000
Average volume:  11,891
Market cap:   $209,560,000
Current dividend yield:  9.62%    calculation
Initial coupon rate:    7.750%
Spread to LIBOR: 0.047430
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   09/30/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BGHCHV0