CIMN: New Bond From Chimera, 9.2% Current Yield [Seeking Alpha]
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: Seeking Alpha
The issuance provides an attractive low-cost funding option for CIM, compared to raising funds through preferred equity. The underwriting process creates an arbitrage opportunity, with the notes initially priced at a discount before potentially trading back to par. The debt is callable starting May 2026 and is senior to the company's preferred equity series. CIM could use some funds from the debt issuance to retire the now expensive Series B preferred equity, which has switched to a floating rate. Thesis Chimera Investment Corporation ( CIM ) is a well-known mortgage real estate investment trust (or 'mREIT'). The company is popular with the investor community via its high-yielding common and preferred shares, with the added twist of fixed-to-floating conversion issues debated by the
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CIM
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
- Chimera Investment Co. (NYSE: CIM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Chimera Investment: Discount To Book Value Is Attractive [Seeking Alpha]Seeking Alpha
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