---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-24-000943"
form_type: "8-K"
ticker: "CIM"
cik: "0001409493"
company_name: "CHIMERA INVESTMENT CORP"
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:13:39.862722+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Chimera to acquire Palisades Group for $30M upfront plus up to $20M earnout

## Summary
- Upfront cash consideration of $30M; earnout up to $20M over 5 yrs based on revenue targets.
- Closing expected in Q4 2024; transaction expected to be accretive to 2025 earnings.
- Jack Macdowell, co-founder/CIO of Palisades, to become Chimera's CIO; Dan Thakkar appointed Chief Credit & Risk Officer.
- Combined notional loans/RE assets owned, advised, or managed exceed $30B.
- Adds 36 professionals; diversifies income streams with capital-light fee-based model.

## SEC filing metadata
- accession: 0001206774-24-000943
- form_type: 8-K
- ticker: CIM
- cik: 0001409493
- company_name: CHIMERA INVESTMENT CORP
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409493/000120677424000943/0001206774-24-000943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409493/000120677424000943/cim4393851-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-24-000943
- JSON: https://secwatch.observer/filing/0001206774-24-000943.json
- Plain text: https://secwatch.observer/filing/0001206774-24-000943.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.