Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 56

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 56
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 (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 tables above are the unfunded construction loan commitments of $3 million and $5 million as of September 30, 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 and nine months ended September 30, 2025, we funded an additional $637 thousand towards that commitment, which brought the total funding to $57 million, leaving an unfunded commitment of $18 million.

Capital Expenditure Requirements

At September 30, 2025 and December 31, 2024, we had no material commitments for capital expenditures.

Dividends

To maintain our qualification as a REIT, we must pay annual dividends to our stockholders of at least 90% of our taxable income (subject to certain adjustments). Before we pay any dividend, we must first meet any operating requirements and scheduled debt service on our financing facilities and other debt payable. 

Critical Accounting Estimates

Accounting policies are integral to understanding our Management’s Discussion and Analysis of Financial Condition and Results of Operations. The preparation of financial