CIM-D Chimera Investment 8.00% Series D Fixed-to-Floating Rate Cumulative Preferred

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 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. The Series D Preferred Stock is not redeemable by us prior to March 30, 2024, except under circumstances where it is necessary to preserve our qualification as a real estate investment trust, or REIT, for U.S. federal income tax purposes and except upon the occurrence of a Change of Control. On or after March 30, 2024, we may, at our option, redeem any or all of the shares of the Series D Preferred Stock at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date.   This security was issued by Chimera Investment Corp, whose common stock symbol is CIM.

$18.75  +0.03 (0.16%)
As of 03/27/2023 11:25:04 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:  01/24/2019
Outstanding shares:  7,400,000
Average volume:  16,393
Market cap:   $152,810,000
Current dividend yield:  9.69%    calculation
Initial coupon rate:    8.000%
Spread to LIBOR: 0.053790
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   03/30/2024
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:      BHRS1F7