Chimera Investment Corporation (NYSE: CIM) (“Chimera”) today announced
that Robert Colligan has been appointed its Chief Financial Officer. Mr.
Colligan will oversee Chimera’s treasury, accounting and financial
reporting functions. Mr. Colligan, 41, has been working in accounting
and finance for over 20 years.
Mr. Colligan joins Fixed Income Discount Advisory Company (“FIDAC”), the
external manager of Chimera, as a Managing Director from Starwood
Capital Group where he was the Controller for the last five years. At
Starwood Capital Group, Mr. Colligan focused on financial reporting,
treasury, tax, operational and strategic initiatives. Prior to Starwood
Capital Group, from 2002 to 2008 Mr. Colligan was a Managing Director at
Bear Stearns and from 1999 to 2002 a Vice President at Merrill Lynch in
financial reporting, strategy and investor relations roles. Mr. Colligan
began his career at PricewaterhouseCoopers where from 1993 to 1999 he
had roles in both audit and national tax. He has a Bachelor of Science
in Accounting from Villanova University, a Masters in Taxation from
George Washington University and is a Certified Public Accountant.
A. Alexandra Denahan resigned from her position as Chimera’s Chief
Financial Officer, but will continue to serve as Chimera’s principal
financial officer and principal accounting officer.
About Chimera Investment Corporation
Chimera Investment Corporation invests in residential mortgage loans,
residential mortgage-backed securities, real estate-related securities
and various other asset classes. Chimera’s principal business objective
is to generate income from the spread between yields on its investments
and its cost of borrowing and hedging activities. Chimera is a Maryland
corporation that has elected to be taxed as a real estate investment
trust (“REIT”).
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on the current beliefs and expectations of
Chimera’s management and are subject to significant risks, uncertainties
and other factors, including the impact of the transition to a new
independent registered public accounting firm and Chimera’s ability to
timely complete the process necessary to file its quarterly and annual
reports for the quarters and year subsequent to December 31, 2011.
Chimera does not undertake, and specifically disclaims all obligation,
to publicly release the result of any revisions which may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements,
see “Item 1A — Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2011.
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