CIM / Undervalued 9%-10% Yield With Fixed-To-Floating Chimera Preferreds

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