Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 144

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 144
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 on securitized debt (1)268,908 414,935 283,427 370,571 1,337,842 Total$3,661,278 $3,462,079 $2,274,818 $2,742,398 $12,140,574 

(1) Interest is based on variable rates in effect as of March 31, 2025.

December 31, 2024 (dollars in thousands)Contractual ObligationsWithin One YearOne to Three YearsThree to Five YearsGreater Than or Equal to Five YearsTotalSecured financing agreements$2,504,915 $337,245 $— $— $2,842,160 Securitized debt, collateralized by Non-Agency RMBS— 13 — 13 26 Securitized debt at fair value, collateralized by Loans held for investment1,288,028 2,091,147 1,937,868 2,253,020 7,570,063 Interest expense on MBS secured financing agreements (1)29,737 1,364 — — 31,101 Interest expense on securitized debt (1)255,162 394,250 257,323 292,081 1,198,816 Total$4,077,842 $2,824,019 $2,195,191 $2,545,114 $11,642,166 

(1) Interest is based on variable rates in effect as of December 31, 2024.

Not included in the table above are the unfunded construction loan commitments of $5 million as of March 31, 2025 and December 31, 2024. We expect the majority of these commitments will be paid within one year and are reported under Payable for investments purchased in our Consolidated Statements of Financial Condition.

We have made a $75 million capital commitment to a fund managed by Kah Capital Management, LLC. During the quarter ended March 31, 2025, we did not make any additional funding toward the commitment, and the total funding remained at $56 million, leaving an unfunded commitment of $19 million.

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Capital Expenditure Requirements

At March 31, 2025 and December 31, 2024, we had no material commitments for capital expenditures.

Dividends

To maintain our