secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001206774-24-000559
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Investment Corp announces 1-for-3 reverse stock split, effective May 21, 2024
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- Outstanding shares reduced from ~241.4M to ~80.5M; authorized shares cut from 500M to 166.7M.
- Effective after close on May 21, 2024; post-split trading starts May 22 under new CUSIP 16934Q 802.
- No fractional shares; cash in lieu paid based on May 21 closing price.
- Objective: align share count with similar market-cap companies and broaden investor appeal.
- Stockholders with book-entry or nominee-held shares need no action; certificated holders must return certificates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000120677424000559/0001206774-24-000559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000120677424000559/cim4333632_8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-24-000559

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