Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 98

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 98
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, LLC, and their respective subsidiaries (the “Palisades Acquisition”). As a result of the Palisades Acquisition, the Company began providing investment management and advisory services primarily through TPG and PAS (together with TPG, “Palisades”). TPG is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940 (the “Advisers Act”), and PAS is a relying adviser with respect to TPG’s investment adviser registration. PAS is the asset manager for certain securitizations sponsored by the Company and received $45 thousand in asset manager fees for the six months ended June 30, 2025.On June 11, 2025, the Company entered into an agreement to acquire HomeXpress Mortgage Corp. (“HomeXpress”). HomeXpress is a leading originator of consumer non-QM, investor business purpose, and other non-Agency mortgage loan products, as well as an originator of Agency mortgage loans with a nationwide presence across 46 states and D.C. The Company expects to close the transaction during the fourth quarter of 2025, subject to the satisfaction of customary closing conditions. The Company made a $75 million capital commitment to a fund managed by Kah Capital Management, LLC. During the quarter and six months ended June 30, 2025, the Company did not make any additional fundings toward the commitment, and the total funding remained at $56 million, leaving an unfunded commitment of $19 million. The Company's investment in this fund is accounted for as an equity method investment in Other assets on the Consolidated Statement of Financial Condition. The Company records any gains and losses associated with its equity method investments in Other investment gains (losses) on the Consolidated Statement of Operations. The Company paid $118 thousand for mortgage asset servicing oversight fees to Kah Capital Management during the six months ended June 30, 2025. There were no mortgage asset servicing oversight fees to Kah Capital Management during the quarter ended June 30, 2025. The Company paid $133 thousand and $271 thousand for 

9

mortgage asset servicing oversight fees to Kah Capital Management during the quarter and six months ended June 30, 2024.  These fees are reported within Other Expenses on the Consolidated Statement of Operations. 

2. Summary of the Significant Accounting Policies

(a) Basis of Presentation and ConsolidationThe accompanying consolidated financial statements and related notes of the Company have been prepared in accordance