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Hold (2.20 out of 4)
4th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, April 24, 7:50 PM
Slide #295. Chimera Investment Corporation — Preferred Stock Offering
Company: |
Chimera Investment Corporation (NYSE:CIM) |
Date announced: |
10/6/2016 |
Shares Offered: |
5,400,000 |
Date of Pricing: |
10/6/2016 |
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 5,400,000 shares of its 8.0% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $135 million, before deducting the underwriting discount and other estimated offering expenses. The Company intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "CIM PRA." The offering is expected to close on October 14, 2016, subject to customary closing conditions. The Company has granted the underwriters an option for 30 days to purchase up to an additional 810,000 shares of the Series A 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
Open the CIM Page at Preferred Stock Channel »
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: |
$151,518,084.15 |
Total Market Capitalization: |
$992,000,000 |
% of Market Cap. Held by ETFs: |
15.27% |
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