Chimera Investment Corp 8% Series B Fixed to Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Sold 2/22/2017
Shares Issued 12,000,000 Overallotment Shares 1,800,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol CIM-B OTC Grey Market CIMEP
Market Traded ON NYSE
Dividend Payment Paid on the 30th of March, June, September and December beginning on 6/30/2017
Quarterly Dividend .50 Annual Dividend 2.00
Securities may be redeemed, at the issuers option, as early as 3/30/2024 for a redemption price of $25/share plus accrued dividends.
Coupon is fixed at 8% until 3/29/2024 after which it floats at 5.791% plus 3 month Libor.
Dividend Payment Will NOT be a Qualified Distributions (REIT Preferred Share dividends are not Qualifying Dividends)
Maturity Date None
Company Investor Relations Page for Chimera Investment Corporation