CIM Stock Recent News

US equity markets posted modest declines this past week after the Federal Reserve held rates steady and maintained its status quo "wait-and-see" approach, but acknowledged heightened inflation and labor market risks. Meanwhile, White House officials headed to Switzerland to begin high-level trade talks with China, which follows the announcement of the first major post-Liberation Day trade deal with the United Kingdom. Following its best two-week stretch since late 2022, the S&P 500 slipped 0.4% this week - extending its drawdown to around 8% from its mid-February record highs.

Chimera Investment Corporation (NYSE:CIM ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets & Investor Relations Phil Kardis - President & Chief Executive Officer Subra Viswanathan - Chief Financial Officer Jack Macdowell - Chief Investment Officer Conference Call Participants Doug Harter - UBS Trevor Cranston - Citizens JMP Bose George - KBW Eric Hagen - BTIG Operator Good day, ladies and gentlemen and welcome to Chimera Investment Corporation First Quarter 2025 Earnings Call. All lines have been placed on a listen-only mode and the floor will be opened for questions and comments following the presentation.

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2025. Financial Highlights(1): 1ST QUARTER GAAP NET INCOME OF $1.77 PER DILUTED COMMON SHARE 1ST QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.41 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $21.17 PER COMMON SHARE AND ECONOMIC RETURN(3) OF 9.20% AT MARCH 31, 2025 “This has been a strong quarter for Chimera. Earnings available for distribution im.

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2025 to preferred shareholders of record on June 2, 2025. The ex-dividend date is June 2, 2025. The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.6469 per share of 8.00% Series B Fixed-to-Floating Rate Cumulati.

Financing to accelerate SolarBank's growth as an owner of solar power projects in the U.S. TORONTO , May 6, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that CIM Group ("CIM"), a real estate and infrastructure owner, operator, lender and developer, and the Company have entered into a Mandate Letter providing for up to US$100 million in project based financing for a portfolio of 97 MW of solar power projects located in the United States (the "Transaction"). The Transaction will be structured as a preferred equity investment into a newly formed entity ("New HoldCo") that will be a joint venture between CIM and Abundant Solar Power Inc. ("ASP"), a wholly-owned subsidiary of SolarBank.

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 8, 2025 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (888) 437-3179 International (862) 298-0702 Webcast https://www.chimerareit.com/news-events/ir-calen.

Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.

CIMN, a senior unsecured note from Chimera, experienced a -4% drawdown, outperforming the company's preferred equity and other mREIT bonds during recent market turmoil. Its performance aligned with expectations based on BB high-yield spreads, demonstrating its resilience and predictable behavior in volatile markets. Despite being rated BBB by Egan-Jones, CIMN trades as high-yield debt, with a 9% coupon reflecting market perception.

I advised investing in preferred stocks and baby bonds in mid-2022, predicting the Fed's rate hikes and subsequent cuts, resulting in significant returns. Preferred stocks have dropped recently due to inflation fears and panic selling, creating opportunities to buy high-yielding securities at discounted prices. I'm adding to my holdings in preferred stocks like CIM-PC and CIM-PD, anticipating future gains as valuations return to par.

Chimera (CIM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.