CIM / The Preferred Share Dilemma Chimera Created For Themselves

This week, we shifted our allocation within the mortgage REIT Chimera Investment preferred suite. The goal of this shift was to take advantage of rela more_horizontal

Chimera Investment Corporation has lowered its dividend twice in the past year due to lower distributable earnings in a higher-rate environment. The r more_horizontal

Chimera Investment Corporation is considering whether to keep CIM-B as a fixed-rate dividend or allow it to float as originally intended. The company more_horizontal

Chimera has consistently experienced substantial capital destruction, losing over 90% of its value since 2009 despite various market conditions. The a more_horizontal

Fixed-to-floating rate mREIT preferreds offer potential value as their market share price has moved opposite to their contracted earnings power. Chime more_horizontal

Film legend Isabella Rossellini graced the Cannes Film Festival's red carpet on Friday for the premiere of Italian drama "La Chimera," director Alice more_horizontal

Chimera just reported a big miss on net interest income for its fiscal 2023 first quarter. GAAP book value at $7.41 per share fell from $10.15 in the more_horizontal

A real estate investment trust (REIT) is a company that owns, operates or finances real estate that generates income through mortgages, leases, rents more_horizontal