Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 130

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 130
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 — — — Non-cash imputed compensation related to business acquisition10,296 — — — — Other investment (gains) losses(2,490)(1,366)(1,001)(4,686)986 Earnings available for distribution$30,448 $29,866 $30,308 $30,564 $30,735 GAAP net income (loss) per diluted common share$(2.04)$1.39 $0.41 $1.36 $0.16 Earnings available for distribution per adjusted diluted common share$0.37 $0.36 $0.37 $0.37 $0.40 

 (1) As a result of the Palisades Acquisition, we updated the determination of earnings available for distribution to exclude non-recurring acquisition-related transaction expenses, non-cash amortization of intangibles and depreciation expenses, and non-cash imputed compensation expenses. These expenses are excluded as they relate to the Palisades Acquisition and are not directly related to generation of our portfolio’s investment income.

 (2) Non-cash amortization of intangibles and depreciation expenses related to the Palisades Acquisition

The table below summarizes the reconciliation from weighted-average diluted shares under GAAP to the weighted-average adjusted diluted shares used for Earnings available for distribution for the periods reported below.

For the Quarters EndedDecember 31, 2024September 30, 2024June 30, 2024March 31, 2024December 31, 2023Weighted average diluted shares - GAAP81,266,223 81,855,872 82,281,890 81,718,214 77,443,108 Potentially dilutive shares (1)1,263,734 — — — — Adjusted weighted average diluted shares - Earnings available for distribution82,529,957 81,855,872 82,281,890 81,718,214 77,443,108 

(1) Potentially dilutive shares related to restricted stock units and performance stock units excluded from the computation of weighted average GAAP diluted shares because their effect would have been anti-dilutive given the GAAP net loss available to common shareholders for the quarter ended December 31, 2024.

Our Earnings available for distribution for the year ended December 31, 202