Chimera Investment Corp 8% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Sold      1/15/2019

Shares Issued    7,400,000   Overallotment Shares   1,110,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol     CIM-D      OTC Grey Market     CMIMP

Market Traded ON   NYSE

Dividend Payment Paid on the 30th of March, June, September and December beginning on 6/30/2019

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.

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Coupon is fixed at 8% until 3/30/2024 after which it floats at 5.379% 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

Click Here to find the offering Prospectus and/or Final Pricing Document

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