secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001628280-23-036153
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Q3 GAAP net loss $(0.07)/share, EAD $0.13; book value falls to $6.90
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- GAAP net loss of $16.3M ($0.07 per diluted share) vs net income of $17.6M in Q2 2023.
- Earnings available for distribution (non-GAAP) $0.13 per diluted share, down from $0.27 a year ago.
- GAAP book value per common share $6.90, down from $7.49 at December 31, 2022.
- GAAP leverage 4.1:1 (recourse 1.0:1); net interest spread 1.3% vs 1.2% in Q2.
- CEO cites debt refinancing and dividend rightsizing; expects benefits once interest rates moderate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000162828023036153/0001628280-23-036153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000162828023036153/cim-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036153

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