Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 77

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 77
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5.

The foregoing report has been
furnished by current and former members of the audit committee:

Brian P. Reilly, Chair
Gerard Creagh*
Sandra Bell (former member of the audit committee)*
Cyndi Walsh*

*At the time of the issuance of
the Annual Report on Form 10-K filed on February 19, 2025, each of Mr. Creagh and Ms. Bell was a member of the audit committee. On April
1, 2025, Mr. Creagh rotated off the audit committee, and Ms. Walsh was appointed to the audit committee. Ms. Walsh did not participate
in the audit committee actions reported above. On April 9, 2025, Ms. Bell resigned from the Board, and Mr. Creagh was re-appointed to
the audit committee on April 11, 2025.

The Audit Committee report
above does not constitute “soliciting material” and will not be deemed “filed” or incorporated by reference into
any of our filings under the Securities Act of 1933 or the Securities Exchange Act of 1934 that might incorporate our SEC filings by reference,
in whole or in part, notwithstanding anything to the contrary set forth in those filings.

| PROPOSAL                                                     
 2                                                            
 CONSIDER AND VOTE UPON A NON-BINDING ADVISORY VOTE APPROVING 
 EXECUTIVE COMPENSATION                                       |

Pursuant to Section 14A of the
Exchange Act, we are seeking an advisory vote on executive compensation matters. We currently seek such an advisory vote on an annual
basis. The stockholder vote will not be binding on us or the Board of Directors, and it will not be construed as overruling any decision
by us or the Board of Directors or creating or implying any change to, or additional, duties for us or the Board of Directors.

While this vote is advisory and
not binding on us, it will provide information to us and the compensation and nominating and corporate governance committees regarding
stockholder sentiment about our executive compensation philosophy, policies and practices, which the compensation and nominating and corporate
governance committee will be able to consider when determining the appropriateness of our executive compensation.

At our 2024 annual meeting of
stockholders, a majority of the votes cast on the “say on pay” proposal voted in favor of our executive compensation. The
compensation committee believes the results of the 2024 “say on