Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 343

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 15
Chunk 343
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,937)$(956,704)Net increase (decrease) in cash and cash equivalents(137,686)(42,916)(121,141)Cash and cash equivalents at beginning of period221,684 264,600 385,741 Cash and cash equivalents at end of period$83,998 $221,684 $264,600 Supplemental disclosure of cash flow information:Interest received$761,385 $774,059 $842,354 Interest paid$479,241 $470,147 $323,271 Income taxes paid (received)$49 $102 $(253)Contingent earn-out liability$15,800 $— $— Non-cash investing activities: Payable for investments purchased$454,730 $158,892 $9,282 Net change in unrealized gain (loss) on available-for sale securities$(26,219)$(44,990)$(175,709)Transfer of investments due to consolidationLoans held for investment, at fair value$— $— $1,047,838    Securitized debt at fair value, collateralized by loans held for investment$— $— $774,514 Non-Agency RMBS, at fair value$— $— $(218,276)Non-cash financing activities:    Dividends declared, not yet paid$34,265 $54,552 $64,545 

See accompanying notes to consolidated financial statements.

88

CHIMERA INVESTMENT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Organization

Chimera Investment Corporation, or the Company, was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007. The Company elected to be taxed as a real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder, or the Code.The Company is an internally managed REIT that is primarily engaged in the business of investing in a diversified portfolio of mortgage assets for itself and for unrelated third parties through its investment management and advisory services. The assets the Company may invest in and manage for others include residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose loans and investor loans, including RTLs, and other real estate-related assets such as Agency CMBS. The following defines