Chimera Investment Series C 7.75% Fixed to Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Sold 9/13/2018
Shares Issued 10,000,000 Overallotment Shares 1,500,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol CIM-C OTC Grey Market CIMPP
Market Traded ON NYSE
Dividend Payment Paid on the 30th of March, June, September and December beginning on 12/30/2018
Quarterly Dividend .484 Annual Dividend 1.938
Securities may be redeemed, at the issuers option, as early as 9/30/2025 for a redemption price of $25/share plus accrued dividends.
Coupon is fixed at 7.75% until 9/30/2025 after which it floats at 4.743% 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