secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001628280-22-027947
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera posts Q3 GAAP net loss of $0.88 per share; dividend cut to $0.23 from $0.33
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- GAAP net loss of $0.88 per diluted share; EAD (non-GAAP) of $0.27 per share; book value $7.44.
- Dividend declared $0.23 per common share, down from $0.33 in prior quarter.
- GAAP leverage rose to 3.9:1 (recourse 1.1:1) from 3.0:1 (0.9:1) at Dec 31, 2021.
- Extended $489M non-mark-to-market facility to Feb 2025; entered $885M pay fixed interest rate swaps.
- Post-quarter cash ~$350M; expect to close $476M residential loan purchase in long-term non-mark-to-market structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000162828022027947/0001628280-22-027947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000162828022027947/cim-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027947

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