other material
confidence high
sentiment neutral
materiality 0.40
Chimera Investment Corporation effects 1-for-3 reverse stock split effective May 21, 2024
CHIMERA INVESTMENT CORP
- 1-for-3 reverse stock split of common stock effective after close on May 21, 2024.
- Par value changed from $0.03 to $0.01 per share; authorized shares reduced to 166,666,667.
- Fractional shares paid in cash based on NYSE closing price on May 21 after split adjustment.
- Common stock begins trading on split-adjusted basis on NYSE under symbol 'CIM' with new CUSIP 16934Q 802 on May 22, 2024.
- Reverse stock split affects all holders uniformly; percentage ownership unchanged except from fractional share elimination.