Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 140

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 140
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 of our common stock was converted into one share of common stock, reducing the number of issued and outstanding shares of our 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 our 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 our common stock. All common shares, outstanding options and per share amounts for all periods presented were retroactively adjusted to reflect the reverse stock split.

We declared dividends to common shareholders of $30 million, or $0.37 per share, and $27 million, or $0.33 per share, during the quarters ended March 31, 2025 and March 31, 2024, respectively. 

We declared dividends to Series A preferred stockholders of $3 million, or $0.50 per preferred share, during the quarters ended March 31, 2025 and 2024. 

We declared dividends to Series B preferred stockholders of $8 million, or $0.65 per preferred share, during the quarter ended March 31, 2025. We declared dividends to Series B preferred stockholders of $7 million, or $0.50 per preferred share, during the quarter ended March 31, 2024.

We declared dividends to Series C preferred stockholders of $5 million, or $0.48 per preferred share, during the quarters ended March 31, 2025 and 2024.

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We declared dividends to Series D preferred stockholders of $5 million, or $0.62 per preferred share, during the quarter ended March 31, 2025. We declared dividends to Series D preferred stockholders of $4 million, or $0.50 per preferred share, during the quarter ended March 31, 2024.

On October 30, 2021, all 5,800,000 issued and outstanding shares of Series A Preferred Stock with an outstanding liquidation preference of $145 million became callable at a redemption price equal to the liquidation preference plus accrued and unpaid dividends through, but not including the redemption date. 

On March 30, 2024, all 13,000,000 issued and outstanding shares