Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 156

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 156
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Treasury futuresNet unrealized gains (losses) on derivatives(117)— Treasury futuresNet realized gains (losses) on derivatives82 (4,864)SwaptionsNet unrealized gains (losses) on derivatives(877)(3,742)SwaptionsNet realized gains (losses) on derivatives(5,623)— Interest rate capNet unrealized gains (losses) on derivatives(6,217)— Interest rate capPeriodic interest on derivatives, net 2,016 — Total $(17,836)$(257)

44

When the Company enters into derivative contracts, they are typically subject to International Swaps and Derivatives Association Master Agreements or other similar agreements which may contain provisions that grant counterparties certain rights with respect to the applicable agreement upon the occurrence of certain events such as (i) a decline in stockholders’ equity in excess of specified thresholds or dollar amounts over set periods of time, (ii) the Company’s failure to maintain its REIT status, (iii) the Company’s failure to comply with limits on the amount of leverage, and (iv) the Company’s stock being delisted from the NYSE. Upon the occurrence of any one of items (i) through (iv), or another default under the agreement, the counterparty to the applicable agreement has a right to terminate the agreement in accordance with its provisions. If the Company breaches any of these provisions, it will be required to settle its obligations under the agreements at their termination values, which approximates fair value.

12. Capital Stock

Preferred StockThe Company declared dividends to Series A preferred stockholders of $3 million and $9 million, or $0.50 and $1.50 per preferred share, during the quarters and nine months ended September 30, 2025. The Company declared dividends to Series A preferred stockholders of $3 million and $9 million, or $0.50 and $1.50 per preferred share, during the quarter and nine months ended September 30, 2024, respectively.The Company declared dividends to Series B preferred stockholders of $8 million and $25 million, or $0.65 and $1.94 per preferred share, during the quarter and nine months ended September 30, 2025. The Company declared dividends to Series B preferred stockholders of $9 million and $25 million or $0.71 and $1.92 per preferred share, during the quarter