SECsense Logo

Chimera Investment Corp: December 2024 Financial Insights & Capital Structure Report

$CIM
Form 8-K
Filed on: 2024-12-19
Source
Chimera Investment Corp: December 2024 Financial Insights & Capital Structure Report

Based on the provided XML financial report data, here are the key insights and important information extracted:

  1. Entity Identification:
  • Company Name: Chimera Investment Corp
  • CIK: 0001409493
  • Address: 630 Fifth Avenue, Ste 2400, New York, NY 10111
  • Phone: (888) 895-6557
  1. Filing Date:
  • The report is dated December 19, 2024.
  1. Stock Information:
  • Common Stock: Par value of $0.01 per share.
  • Preferred Stock Series:
    • 8.00% Series A Cumulative Redeemable Preferred Stock (Ticker: CIM PRA)
    • 8.00% Series B Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock (Ticker: CIM PRB)
    • 7.75% Series C Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock (Ticker: CIM PRC)
    • 8.00% Series D Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock (Ticker: CIM PRD)
  1. Debt Instruments:
  • Senior Notes:
    • 9.000% Senior Notes due 2029 (Ticker: CIMN)
    • 9.250% Senior Notes due 2029 (Ticker: CIMO)
  1. Period of Report:
  • The reporting period is for a single day: December 19, 2024.
  1. Document Structure:
  • The report is structured in XBRL, which allows for machine-readable financial reporting.
  1. Units of Measure:
  • Financial metrics are reported in USD and shares.

Insights:

  • Preferred Stock Dividends: The presence of multiple series of preferred stock indicates a focus on raising capital through fixed-income securities, which can be attractive to income-focused investors.
  • Senior Notes: The issuance of senior notes with relatively high interest rates suggests that the company is potentially leveraging debt for growth or managing existing liabilities, which could indicate either a strong or weak position depending on the overall capital structure and cash flow situation.
  • Single Day Reporting: The report specifies a single day, which may indicate it is a snapshot of stockholders' equity or similar metrics rather than a full quarterly or annual report.
  • Regulatory Compliance: The filing is in compliance with SEC regulations, as indicated by the use of the CIK and adherence to XBRL standards.

This report provides a clear view of Chimera Investment Corp's capital structure as of the reporting date, highlighting its reliance on both equity and debt instruments.