Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 81

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 81
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 is first made.

Any such nomination or proposal
should be sent to the Corporate Secretary, Chimera Investment Corporation, 630 Fifth Avenue, Suite 2400, New York, NY 10111 and, to the
extent applicable, must comply with the requirements of our current bylaws.

Other Matters

As of the date of this Proxy
Statement, the Board of Directors does not know of any matter that will be presented for consideration at the annual meeting other than
as described in this Proxy Statement.

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APPENDIX I

ROE Calculation</div>

For purposes of calculating
the ROE, the Company’s net income is determined in accordance with GAAP, but excluding non-cash, non-operating expense items such
as depreciation expense, amortization of goodwill and other non-cash, non-operating expense items as determined by the compensation committee
in its sole discretion for the applicable performance period. If, for any portion of any performance period, (i) the Company does not
use hedge accounting or (ii) its derivative hedging instruments or any portion thereof are otherwise deemed ineffective, which in either
case, results in changes in the value of such hedging instruments being recorded in the Company’s GAAP income statement, then any
gains or losses from such hedging instruments will also be excluded. The Company’s average equity under the employment agreements
means the stockholders’ equity of the Company as determined in accordance with GAAP, but excluding accumulated other comprehensive
income or loss (which, among other things, reflects unrealized gains or losses in the Company’s residential mortgage-backed securities
portfolio), stockholders’ equity attributable to preferred stock and other items as determined by the compensation committee in
its sole discretion for the applicable performance period. For purposes of calculating ROE, Company Average Equity will be determined
based on the average of the Company’s stockholders’ equity calculated as described in the preceding sentence as of the last
day of each quarter during the applicable performance period. Notwithstanding the foregoing, stockholders’ equity attributable to
an issuance of common stock of the Company during the performance period shall be excluded from the calculation of “Company Average
Equity” for a period of six months from such issuance.

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