CIM

Chimera Investment Corporation is a real estate investment trust investing in residential mortgage loans, residential mortgage-backed securities, and related assets. The REIT operates an investment strategy focused on credit risk residential mortgages including seasoned residential mortgage loans, non-agency residential MBS, and agency MBS. Chimera acquires whole residential mortgage loans, invests in securitization transactions, and manages a portfolio of mortgage assets financed through securitizations and repurchase agreements. The company generates income from the spread between interest earned on mortgage assets and financing costs. Founded in 2007 and headquartered in New York City, Chimera is externally managed by an affiliate of Annaly Capital Management. The REIT invests across the residential mortgage credit spectrum seeking risk-adjusted returns. Chimera faces interest rate sensitivity, prepayment risks, credit risks from residential mortgages, and financing risks associated with leverage and securitization markets. The company navigates housing market conditions, credit performance of residential borrowers, and mortgage servicing complexities. Chimera continues to manage its diversified portfolio of residential mortgage assets while seeking to generate dividends and total returns for shareholders.