The Board of Directors of Chimera today announced the declaration of its
fourth quarter 2015 cash dividend of $0.48 per common share. This
dividend is payable January 29, 2016, to common stockholders of record
on December 31, 2015. The ex-dividend date is December 29, 2015.
The Company distributes dividends based on its current estimate of
taxable earnings per common share, not GAAP earnings. Taxable and GAAP
earnings will typically differ due to items such as differences in
premium amortization, accretion of discounts, unrealized and realized
gains and losses, and credit loss recognition. Portions of the dividend
may be ordinary income, capital gains or a return of capital.
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 projected financial and operating results; our ability to
maintain existing financing arrangements, obtain future financing
arrangements and the terms of such arrangements; general volatility of
the securities markets in which we invest; the implementation, timing
and 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 fund such
purchases; changes in interest rates and mortgage prepayment rates;
effects of interest rate caps on our adjustable-rate investments; rates
of default or decreased recovery rates on our investments; prepayments
of the mortgage and other loans underlying our mortgage-backed or other
asset-backed securities; 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 exemption
from registration under the Investment Company Act of 1940, as amended;
and our ability to maintain our qualification as a REIT for federal
income tax purposes. 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.
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