Chimera completes $30M acquisition of Palisades Group; Jack Macdowell named CIO

CHIMERA INVESTMENT CORP

Acquisition of Palisades Group closed Dec 2, 2024 for $30M cash plus up to $20M earnout over 5 years.
Jack Macdowell, Jr., Palisades co-founder and CI, becomes Chimera's Chief Investment Officer.
Earnout payments may be paid 50% in common shares to align with shareholder interests.
Houlihan Lokey acted as Chimera's financial advisor; Hunton Andrews Kurth as legal counsel.

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