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Stock impact report

Chimera Investment Corporation Announces 1-for-3 Reverse Stock Split

Chimera Investment Corporation (CIM) 
Last chimera investment corporation earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: chimerareit.com/investors
Company Research 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 Show less Read more
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