Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 200

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 200
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 option) of 8.875% Senior Notes due 2030 that pay quarterly interest. After deducting the underwriting discount and other debt issuance costs, the Company received approximately $116 million of proceeds.

At September 30, 2025, the outstanding principal amount of these notes was $260 million and the accrued interest payable on this debt was $2 million. At September 30, 2025, the unamortized deferred debt issuance cost was $9 million. The net interest expense was $4 million and $11 million for the quarter and nine months ended September 30, 2025, respectively. 

Compensation, General and Administrative Expenses and Transaction Expenses

The table below shows our total compensation and benefits expense, general and administrative, or G&A expenses, and transaction expenses as compared to average total assets and average equity for the periods presented.

68

 Total Compensation, G&A and Transaction ExpensesTotal Compensation, G&A and Transaction Expenses/Average AssetsTotal Compensation, G&A and Transaction Expenses/Average Equity (Ratios have been annualized, dollars in thousands)For the Quarter Ended September 30, 2025$30,623 0.82 %4.72 %For the Quarter Ended June 30, 2025$18,865 0.54 %2.86 %For the Quarter Ended March 31, 2025$25,680 0.78 %3.97 %For the Quarter Ended December 31, 2024$28,240 0.84 %4.29 %For the Quarter Ended September 30, 2024$15,130 0.45 %2.25 %

Compensation and benefits costs increased and were $14 million and $12 million for the quarters ended September 30, 2025 and June 30, 2025, respectively. Compensation and benefits costs were approximately $39 million and $23 million for the nine months ended September 30, 2025 and September 30, 2024. The increase in Compensation and benefits costs for the quarter and nine months ended September 30, 2025 compared to the quarter and nine months ended September 30, 2024, was driven by higher overall compensation expense related to the increase in employee headcount and Palisades Acquisition, and severance payments which occurred during the quarter ended September 30, 2025. 

The general and administrative expenses remained unchanged at $