Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 123

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 123
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)(424)(419)1,024 Amortization of intangibles and depreciation expenses (2)951 321 — — — Non-cash imputed compensation related to business acquisition341 10,296 — — — Other investment (gains) losses417 (2,490)(1,366)(1,001)(4,686)Earnings available for distribution$33,526 $30,448 $29,866 $30,308 $30,564 GAAP net income (loss) per diluted common share$1.77 $(2.07)$1.39 $0.41 $1.36 Earnings available for distribution per adjusted diluted common share$0.41 $0.37 $0.36 $0.37 $0.37 

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 (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 EndedMarch 31, 2025December 31, 2024September 30, 2024June 30, 2024March 31, 2024Weighted average diluted shares - GAAP82,394,218 81,266,223 81,855,872 82,281,890 81,718,214 Potentially dilutive shares (1)— 1,263,734 — — — Adjusted weighted average diluted shares - Earnings available for distribution82,394,218 82,529,957 81,855,872 82,281,890 81,718,214 

(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