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Hold (2.20 out of 4)
4th percentile
(ranked lower than approx. 96% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thursday, March 28, 7:26 PM

Slide #278. Chimera Investment Corporation Preferred Stock Offering

Company: Chimera Investment Corporation (NYSE:CIM)
Date announced: 2/22/2017
Shares Offered: 12,000,000
Date of Pricing: 2/22/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Chimera Investment Corporation (NYSE:CIM) (the "Company") today announced the pricing of its underwritten public offering of 12,000,000 shares of its 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $300 million, before deducting the underwriting discount and other estimated offering expenses. The Company intends to apply to list the Series B Preferred Stock on the New York Stock Exchange under the symbol "CIM PRB." The offering is expected to close on February 27, 2017, subject to customary closing conditions. The Company has granted the underwriters an option for 30 days to purchase up to an additional 1,800,000 shares of the Series B Preferred Stock to cover over-allotments, if any.

Chimera Investment is a holding company. Through its subsidiaries, Co. is a real estate investment trust that is engaged in the business of investing directly or having an interest in a portfolio of mortgage assets, including residential mortgage loans, mortgage-backed securities (MBS) secured by pools of residential mortgage loans and are issued or guaranteed by a federally chartered corporation, such as Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, or an agency of the U.S. Government, such as Government National Mortgage Association (collectively, Agency), and residential MBS that are not guaranteed by any agency of the U.S. Government or any Agency.

Preferreds: CIM.PRA, CIM.PRB, CIM.PRC, CIM.PRD


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Name:  Chimera Investment Corp
Website:  www.chimerareit.com
Sector:  REITs
Number of ETFs Holding CIM:  28 (see which ones)
Total Market Value Held by ETFs:  $168,429,888.54
Total Market Capitalization:  $1,067,000,000
% of Market Cap. Held by ETFs:  15.79%
 

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