Form 8-K
8-K — CHIMERA INVESTMENT CORP
Accession: 0001206774-26-000275
Filed: 2026-05-07
Period: 2026-05-07
CIK: 0001409493
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — cim4631551-8k.htm (Primary)
EX-99.1 — PRESS RELEASE, DATED MAY 7, 2026, ISSUED BY CHIMERA INVESTMENT CORPORATION (cim4631551-ex991.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (date of earliest event reported):
May 7, 2026
CHIMERA INVESTMENT
CORPORATION
(Exact name of registrant as specified in its charter)
Commission file number 001-33796
Maryland
26-0630461
(State or Other Jurisdiction of
Incorporation)
(I.R.S. Employer
Identification No.)
One Rockefeller Plaza, 32nd
Floor
New York, New York
10020
(Address of principal executive offices)
(Zip Code)
(888) 895-6557
Registrant’s telephone number, including area code
(Former Name or Former Address, if Changed Since
Last Report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of Each Class
Trading
Symbol
Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share
CIM
New York Stock Exchange
8.00% Series A Cumulative Redeemable Preferred Stock
CIM PRA
New York Stock Exchange
8.00% Series B Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock
CIM PRB
New York Stock Exchange
7.75% Series C Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock
CIM PRC
New York Stock Exchange
8.00% Series D Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock
CIM PRD
New York Stock Exchange
9.000% Senior Notes due 2029
CIMN
New York Stock Exchange
9.250% Senior Notes due 2029
CIMO
New York Stock Exchange
8.875% Senior Notes due 2030
CIMP
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On May 7, 2026, the registrant issued a press
release announcing the declaration of its second quarter cash dividends of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred
Stock, $0.6095 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.5561 per share of 7.75% Series
C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and $0.5967 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative
Redeemable Preferred Stock. A copy of the press release is furnished as Exhibit 99.1 to this report.
A copy of the press release is being furnished
pursuant to Item 7.01, and the information contained therein shall not be deemed “filed” for the purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial
Statements and Exhibits.
Exhibits
99.1
Press Release, dated May 7, 2026, issued by Chimera Investment Corporation
104
Cover Page Interactive Data File (formatted as Inline XBRL).
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
CHIMERA INVESTMENT CORPORATION
(REGISTRANT)
Date: May 7, 2026
By:
/s/ Subramaniam Viswanathan
Name:
Subramaniam Viswanathan
Title:
Chief Financial Officer
EX-99.1 — PRESS RELEASE, DATED MAY 7, 2026, ISSUED BY CHIMERA INVESTMENT CORPORATION
EX-99.1
Filename: cim4631551-ex991.htm · Sequence: 2
Exhibit 99.1
PRESS RELEASE
NYSE: CIM
CHIMERA INVESTMENT CORPORATION
One Rockefeller Plaza, 32nd Floor
New York, New York 10020
____________________________________________________________________________
FOR IMMEDIATE RELEASE
CHIMERA DECLARES SECOND QUARTER 2026 PREFERRED STOCK
DIVIDENDS
• BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.50 PER SHARE OF 8.00% SERIES A CUMULATIVE REDEEMABLE
PREFERRED STOCK
• BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.6095 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING
RATE CUMULATIVE REDEEMABLE PREFERRED STOCK
• BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.5561 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING
RATE CUMULATIVE REDEEMABLE PREFERRED STOCK
• BOARD DECLARES SECOND QUARTER 2026 DIVIDEND OF $0.5967 PER SHARE OF 8.00% SERIES D FIXED-TO-FLOATING
RATE CUMULATIVE REDEEMABLE PREFERRED STOCK
NEW YORK--(BUSINESS WIRE) – The Board of Directors
of Chimera Investment Corporation (“Chimera”) announced the declaration of its second quarter cash dividend of $0.50 per share
of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2026 to preferred shareholders of record on
June 1, 2026. The ex-dividend date is June 1, 2026.
The Board of Directors of Chimera also announced the declaration of its second
quarter cash dividend of $0.6095 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects
a rate of 9.75222% equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a
spread of 5.791%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is June
1, 2026.
The Board of Directors of Chimera also announced the declaration of its second
quarter cash dividend of $0.5561 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects
a rate of 8.70422%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus
a spread of 4.743%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is
June 1, 2026.
The Board of Directors of Chimera also announced the declaration of its second
quarter cash dividend of $0.5967 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects
a rate of 9.34022%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus
a spread of 5.379%. The dividend is payable June 30, 2026 to preferred shareholders of record on June 1, 2026. The ex-dividend date is
June 1, 2026.
About Chimera Investment Corporation
Chimera is a diversified real estate company that invests in, originates, and
manages primarily residential real estate assets. The assets we may invest in for ourselves and manage for others through our wholly-owned
subsidiary Palisades Advisory Services, LLC, include residential mortgage loans, Non-Agency RMBS, Agency RMBS, RTLs, Investor Loans, MSRs
and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages.
Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp., we primarily originate non-QM residential mortgage loans (both consumer
loans and Investor Loans) as well as a smaller amount of QM residential mortgage loans. Chimera was incorporated in Maryland on June 1,
2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust, or REIT,
for U.S. federal income tax purposes.
Forward-Looking Statements
In this press release references to “we,”
“us,” “our,” “Chimera,” or “the Company” refer to Chimera Investment Corporation and its
subsidiaries unless specifically stated otherwise or the context otherwise indicates. This press release includes “forward-looking
statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995,
including as related to the expected impact. Actual results may differ from expectations, estimates and projections and, consequently,
readers should not rely on these forward-looking statements as predictions of future events. Words such as “goal,” “expect,”
“target,” “assume,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “would,” “will,” “could,”
“should,” “believe,” “predict,” “potential,” “continue,” or similar expressions
are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties
that could cause actual results to differ materially from expected results, including, among other things, those described in our most
recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption
“Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding
on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity;
changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our
investments and comply with the Dodd-Frank Act and related laws and regulations relating to credit risk retention for securitizations;
rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties
securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment
strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical
conditions, including the ongoing conflicts involving the U.S. in the Middle East; our ability to successfully integrate and realize the
anticipated benefits of any acquisitions, including the acquisition of HomeXpress; our ability to originate or acquire quality and profitable
loans at an appropriate and consistent cost; our ability to sell the loans that we originate or acquire; our ability to refinance or obtain
additional liquidity for borrowing; our
ability to manage, maintain and expand our relationships with our clients, the independent mortgage
brokers and bankers; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts
of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize
residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; the ability of servicers
and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence
on information technology and its susceptibility to cyber-attacks; the development, proliferation and use of artificial intelligence;
our ability to find and retain qualified executive officers and key personnel; our ability to comply with extensive government regulation,
including, but not limited to, federal and state consumer lending regulations; the impact of and changes in governmental regulations,
tax law and rates, accounting guidance, refinancing and borrowing guidelines and similar matters; our ability to maintain our exemption
from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment
trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; and our ability to make
distributions to our stockholders in the future.
Readers are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation
to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors
is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral
forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified
in their entirety by the cautionary statements above.
Readers are advised that any financial
information in this press release is based on Company data available at the time of this press release and, in certain circumstances,
may not have been audited by Chimera’s independent auditors.
Investor Relations
888-895-6557
investor-relations@chimerareit.com
www.chimerareit.com
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