Chimera Investment Corporation (NYSE:CIM) today announced that its Board
of Directors has set the date for the Company's Annual Meeting of
Shareholders (the “Annual Meeting”) as well as the record date for
shareholders eligible to vote at the meeting.
The Annual Meeting will be held on Thursday, October 23, 2014.
Shareholders of record as of the close of business on August 28, 2014
will be eligible to vote at the meeting.
The items of business are:
1. election of Class I, II, and III directors;
2. approve a non-binding advisory resolution on executive compensation;
and
3. ratify Ernst & Young, LLP as independent auditors.
Additional information about the Annual Meeting will be contained in the
definitive proxy statement (SEC Form DEF 14A) which will be filed with
the U.S. Securities and Exchange Commission on or about September 10,
2014 and in the proxy materials that will be mailed to Chimera's
shareholders on or about September 10, 2014.
Other Information
Chimera Investment Corporation invests in residential mortgage loans,
residential mortgage-backed securities, real estate-related securities
and various other asset classes. The Company’s principal business
objective is to generate income from the spread between yields on its
investments and its cost of borrowing and hedging activities. The
Company is a Maryland corporation that has elected to be taxed as a real
estate investment trust (“REIT”).
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Forward-looking statements which
are based on various assumptions (some of which are beyond our control)
may be identified by reference to a future period or periods or by the
use of forward-looking terminology, such as “believe,” “expect,”
“anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,”
“would,” “will” or similar expressions, or variations on those terms or
the negative of those terms. Actual results could differ materially from
those set forth in forward-looking statements due to a variety of
factors, including, but not limited to, our business and investment
strategy; our ability to maintain existing financing arrangements and
our ability to obtain future financing arrangements; our ability to
timely file our periodic reports with the Securities and Exchange
Commission, or SEC; our expectations regarding materiality or
significance; the effectiveness of our disclosure controls and
procedures; material weaknesses in our internal controls over financial
reporting; additional information that may arise from the preparation of
our financial statements; inadequacy of or weakness in our internal
controls over financial reporting of which we are not currently aware or
which have not been detected; general volatility of the securities
markets in which we invest; the impact of and changes to various
government programs; our expected investments; changes in the value of
our investments; interest rate mismatches between our investments and
our borrowings used to finance such purchases; changes in interest rates
and mortgage prepayment rates; effects of interest rate caps on our
adjustable-rate investments; rates of default, delinquencies or
decreased recovery rates on our investments; prepayments of the mortgage
and other loans underlying our mortgage-backed securities, or RMBS, or
other asset-backed securities, or ABS; the degree to which our hedging
strategies may or may not protect us from interest rate volatility;
impact of and changes in governmental regulations, tax law and rates,
accounting guidance, and similar matters; availability of investment
opportunities in real estate-related and other securities; availability
of qualified personnel; estimates relating to our ability to make
distributions to our stockholders in the future; our understanding of
our competition; market trends in our industry, interest rates, the debt
securities markets or the general economy; our ability to maintain our
classification as a real estate investment trust, or REIT, for federal
income tax purposes; and our ability to maintain our exemption from
registration under the Investment Company Act of 1940, as amended. For a
discussion of the risks and uncertainties which could cause actual
results to differ from those contained in the forward-looking
statements, see “Risk Factors” in our Annual Report on Form 10-K, and
any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim all obligations, 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.
Copyright Business Wire 2014