Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 386

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 15
Chunk 386
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 Unsecured Notes is based upon prices obtained from third-party pricing services or broker quotations and are classified as Level 2.Equity Method InvestmentsThe Company has made investments in entities or funds. For these investments where we have a non-controlling interest, but we are deemed to be able to exert significant influence over the affairs of these entities or funds, we utilize equity method of accounting. These investments are not carried at fair value. The carrying value of the Company's equity method investments is determined using cost accumulation method. The Company adjusts the carrying value of its equity method investments for its share of earnings or losses, dividends or return of capital on a quarterly basis. The fair value of equity method investments is based on the fund valuation received from the manager of the fund. The Company has classified the characteristics used to determine the fair value of equity method investments as Level 3 inputs in the fair value hierarchy. The equity method investments are included in other assets on the Consolidated Statement of Financial Condition.The Company’s financial assets and liabilities carried at fair value on a recurring basis, including the level in the fair value hierarchy, at December 31, 2024 and December 31, 2023 are presented below.

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December 31, 2024   (dollars in thousands)   Level 1Level 2Level 3Counterparty and Cash Collateral, nettingTotalAssets:     Non-Agency RMBS, at fair value$— $— $1,064,169 $— $1,064,169 Agency MBS, at fair value— 519,218 — — 519,218 Loans held for investment, at fair value— 337,833 10,858,845 — 11,196,678 Derivatives, at fair value117 7,146 — (7,146)117 Liabilities:     Secured Financing Agreement, at fair value— 319,456 — — 319,456 Securitized debt at fair value, collateralized by Loans held for investment— — 6,984,495 — 6,984,495 Derivatives, at fair value— — — — — December 31, 2023  (dollars in thousands) Level 1Level 2Level 3Counterparty and Cash Collateral, nettingTotalAssets:     Non-Agency RMBS, at fair