Chimera Investment Corp's 8-K Report: Insights on Capital Structure & Stock Details
Based on the provided section of the financial report, here are the key insights and information extracted:
- Entity Identification:
- Company Name: Chimera Investment Corp.
- CIK Number: 0001409493
- Address: 630 Fifth Avenue, Suite 2400, New York, NY 10111
- Contact Number: 888-895-6557
- Filing Details:
- Filing Type: 8-K
- Filing Date: February 12, 2025
- Stock Information:
- Common Stock:
- Par Value: $0.01 per share
- Ticker Symbol: CIM
- Exchange: NYSE
- Preferred Stock:
- 8.00% Series A Cumulative Redeemable Preferred Stock (CIM PRA)
- 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM PRB)
- 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM PRC)
- 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM PRD)
- Debt Instruments:
- Senior Notes:
- 9.000% Senior Notes due 2029 (CIMN)
- 9.250% Senior Notes due 2029 (CIMO)
- Reporting Period:
- The report specifies a context with multiple segments indicating that financial statements or disclosures pertain to various classes of stock and senior notes as of the reporting date, February 12, 2025.
- Segment Information:
- The report segments include various classes of stock (Common, Preferred classes A, B, C, D) and two series of Senior Notes due in 2029. This indicates a structured capital financing approach by the company, potentially appealing to different investor profiles.
Insights:
- Diverse Capital Structure: Chimera Investment Corp. has a diverse capital structure that includes common stock, multiple series of preferred stock, and senior notes, indicating a strategy to attract various forms of investment.
- Income Generation: The inclusion of cumulative and fixed-to-floating rate preferred stocks suggests a strategy focused on providing consistent income to investors, which is often attractive in a low-interest-rate environment.
- Maturity Profile: The senior notes have a maturity date in 2029, indicating long-term financing which may be used for various corporate purposes such as acquisitions, refinancing existing debt, or capital improvements.
This report segment provides a snapshot of the company's financial instruments and highlights its strategic approach to raising capital and managing its financial obligations.