Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 25

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 25
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 for investment with an amortized cost balance of $314 million for $312 million during the six months ended June 30, 2025. 

Long Term Debt Expense

During the second quarter of 2024, we issued $65 million aggregate principal amount of 9.00% unsecured senior notes due 2029 that pay quarterly interest. After deducting the underwriting discount and other debt issuance costs, we received approximately $63 million of proceeds.

During the third quarter of 2024, we issued $75 million aggregate principal amount (including the additional amount

issued pursuant to the exercise of the over-allotment option) of 9.25% unsecured senior notes due 2029 that pay quarterly interest. After deducting the underwriting discount and other debt issuance costs, we received approximately $72 million of proceeds.

At June 30, 2025, the outstanding principal amount of these notes was $140 million and the accrued interest payable on this debt was $2 million. At June 30, 2025, the unamortized deferred debt issuance cost was $5 million. The net interest expense was $3 million and $7 million for the quarter and six months ended June 30, 2025, respectively. 

Compensation, General and Administrative Expenses and Transaction Expenses

The table below shows our total compensation and benefits expense, general and administrative, or G&A expenses, and transaction expenses as compared to average total assets and average equity for the periods presented.

 Total Compensation, G&A and Transaction ExpensesTotal Compensation, G&A and Transaction Expenses/Average AssetsTotal Compensation, G&A and Transaction Expenses/Average Equity (Ratios have been annualized, dollars in thousands)For the Quarter Ended June 30, 2025$18,865 0.54 %2.86 %For the Quarter Ended March 31, 2025$25,680 0.78 %3.97 %For the Quarter Ended December 31, 2024$28,240 0.84 %4.29 %For the Quarter Ended September 30, 2024$15,130 0.45 %2.25 %For the Quarter Ended June 30, 2024$13,287 0.41 %2.01 %

Compensation and benefits costs decreased slightly and were $12 million and $13 million for the quarters ended June 30, 2025 and