Chimera Investment Corporation Announces 1-for-3 Reverse Stock Split
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Chimera Investment Corporation (CIM)
Last chimera investment corporation earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
chimerareit.com/investors
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company” or “Chimera”) announced today that its Board of Directors has unanimously approved a reverse stock split of the Company’s common stock at a ratio of 1-for-3.1-for-3 Reverse Stock SplitThe reverse stock split is expected to take effect following the close of business on May 21, 2024 (the “Effective Time”). Accordingly, at the Effective Time, every three issued and outstanding shares of the Company’s common stock will be converted into one share of the Company’s common stock. The Company’s common stock is expected to begin trading on the New York Stock Exchange on a post-reverse stock split basis beginning on May 22, 2024, under a new CUSIP number: 16934Q 802.The Company is implementing the reverse stock split with the objective of reducing Chimera’s number of shares of common stock outstanding to more closely align with the number of common shares outstanding for companies of a similar market capit
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News
- Chimera (CIM) Stock Jumps 7.5%: Will It Continue to Soar? [Yahoo! Finance]Yahoo! Finance
- Chimera Increases Second Quarter 2024 Common Stock Dividends to $0.35Business Wire
- 9%+ Yields For Bigger Income [Seeking Alpha]Seeking Alpha
- CIMN: New Bond From Chimera, 9.2% Current Yield [Seeking Alpha]Seeking Alpha
- Chimera Investment Co. (NYSE: CIM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
CIM
Earnings
- 5/9/24 - Beat
CIM
Sec Filings
- 6/18/24 - Form 4
- 6/13/24 - Form 8-K
- 6/6/24 - Form 4
- CIM's page on the SEC website