Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 255

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 255
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 Stock Exchange beginning at the opening of trading on May 22, 2024. As a result of the reverse stock split, every three shares of the Company’s common stock was converted into one share of common stock, reducing the number of issued and outstanding shares of the Company’s common stock from approximately 241 million to approximately 80 million and reducing the number of authorized shares from 500 million to approximately 167 million. No fractional shares were issued in connection with the reverse stock split. Each stockholder who was otherwise entitled to receive a fractional share of the Company’s common stock was entitled to receive a cash payment in lieu of a fractional share. The reverse stock split was not subject to stockholder approval and did not change the par value of the Company's common stock. All common shares, outstanding options and per share amounts for all periods presented were retroactively adjusted to reflect the reverse stock split.During the year ended December 31, 2024, the Company declared dividends to common shareholders of $117 million or $1.42 per share. During the year ended December 31, 2023, the Company declared dividends to common shareholders of $167 million or $2.10 per share. Earnings per Share (EPS)EPS for the years ended December 31, 2024 and 2023 are computed as follows:

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 For the Years Ended December 31, 2024December 31, 2023December 31, 2022 (dollars in thousands, except share and per share data)Numerator:  Net income (loss) available to common shareholders - Basic$90,329 $52,354 $(586,831)Effect of dilutive securities:— — — Net income (loss) available to common shareholders - Diluted$90,329 $52,354 $(586,831)Denominator: Weighted average basic shares80,976,745 76,685,785 77,979,582 Effect of dilutive securities1,180,877 853,503 — Weighted average dilutive shares82,157,622 77,539,289 77,979,582 Net income (loss) per average share attributable to common stockholders - Basic$1.12 $0.68 $(7.53)Net income (loss) per average share attributable to common stockholders - Diluted$1.10 $0.68