CIMO: Another Baby Bond From Chimera, 9.1% Yield [Seeking Alpha]
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: Seeking Alpha
Binary Tree Analytics 4.66K Follower s Follow Summary CIMO is a senior note issued by Chimera Corp., carrying an investment-grade rating from Egan-Jones Ratings Company. The bond offers a 9.25% coupon and matures on August 15, 2029. CIMO is a baby bond, issued in small denominations ($25/share) to appeal to retail investors. Due to strong market demand, CIMO has been trading above par since issuance. I am of the opinion that waiting for a dip below par before purchasing CIMO is ideal, as the current pricing may not offer the best value. Martin Barraud/OJO Images via Getty Images Thesis Back in May 2024, we wrote an article regarding a new baby bond issued by Chimera Investment Corporation ( CIM ). Our article was well-timed, with investment banks eager to move the bond from their balance sheets in an uncertain environment. We actually bought CIMN for our own account, well below par, only to see it rally substantially a few weeks after when the volume subsided.
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CIM
News
- Chimera Increases Third Quarter 2024 Common Stock Dividends to $0.37 [Yahoo! Finance]Yahoo! Finance
- Chimera Increases Third Quarter 2024 Common Stock Dividends to $0.37Business Wire
- Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior NotesBusiness Wire
- Chimera Investment Co. (NYSE: CIM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes [Yahoo! Finance]Yahoo! Finance
CIM
Earnings
- 8/7/24 - Beat
CIM
Analyst Actions
- 7/10/24 - Keefe, Bruyette & Woods
CIM
Sec Filings
- 9/19/24 - Form 8-K
- 8/19/24 - Form 8-K
- 8/19/24 - Form CERT
- CIM's page on the SEC website