Chimera Investment Corporation (NYSE:CIM) continues to make progress in
filing its past due SEC reports and filed its 2nd quarter 2013 Form 10-Q
today. Chimera expects to file its 3rd quarter Form 10-Q in the month of
April and at that time will provide guidance on the filing of its 2013
Form 10-K. Chimera expects to continue to file on an accelerated pace to
ensure investors are receiving the most timely information possible.
Management expects to be a current filer in 2014. With each quarterly or
annual filing, Chimera will provide specific information regarding the
timing of future filings.
NYSE grants 6 month extension to file Chimera’s 2013 Form 10-K
Chimera announced that the filing of Form 10-K for the year ended
December 31, 2013 will be delayed beyond the Form 12b-25 extended due
date. As detailed in Chimera’s Form 12b-25, as a result of the
previously completed restatement of Chimera’s financial statements for
the period covering 2008 through 2011 that was included in Chimera’s
Annual Report on Form 10-K for the year ended December 31, 2011 that was
filed on March 8, 2013, Chimera was not able to file its Annual Report
on Form 10-K for the year ended December 31, 2013 within the extension
period provided under Rule 12b-25.
The NYSE will closely monitor the status of Chimera and related public
disclosures for a period of up to six months from its due date. If
Chimera fails to file its annual report within the six month from the
filing due date, the NYSE may allow Chimera to trade for an additional
six month period depending on specific circumstances. Chimera will
continue to be identified with an “LF” identifying the Company as a late
filer.
First Quarter 2014 Dividend and Continuation of Dividend Program
The Board of Directors of Chimera today announced the declaration of its
first quarter 2014 cash dividend of $0.09 per common share. This
dividend is payable April 24, 2014, to common shareholders of record on
March 31, 2014. The ex-dividend date is March 27, 2014.
The Board of Directors has reviewed the dividend program and will
continue to pay a dividend of $0.09 per share for the second quarter of
2014.
Other Information
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 June 30, 2013. 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 its Annual Report on Form 10-K for the
year ended December 31, 2012 and subsequent quarterly reports on Form
10-Q.
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