secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001628280-24-045442
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Q3 GAAP EPS $1.39, book value $22.35, economic return 6.82%
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- GAAP net income of $1.39 per diluted common share, up from $0.41 in Q2; earnings available for distribution of $0.36 per share.
- GAAP book value $22.35 per common share; economic return 6.82% for Q3 and 15.56% year-to-date.
- Post-quarter-end, entered definitive agreement to acquire alternative asset manager The Palisades Group to broaden residential credit reach.
- During Q3, sponsored a mortgage securitization, issued unsecured debt (long-term debt $134M vs $0 at Dec 31), and purchased ~$600M securities.
- Increased common dividend for two consecutive quarters; committed to purchase >$100M of residential transition loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000162828024045442/0001628280-24-045442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000162828024045442/cim-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045442

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