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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 8:35 AM

Slide #89. Chimera Investment Corporation Preferred Stock Offering

Company: Chimera Investment Corporation (NYSE:CIM)
Date announced: 10/6/2016
Shares Offered: 5,400,000
Date of Pricing: 10/6/2016
Price Per Share: $25.00
Preferred Stock Offering Details: Chimera Investment Corporation (NYSE:CIM) (the "Company") today announced the pricing of its underwritten public offering of 5,400,000 shares of its 8.0% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $135 million, before deducting the underwriting discount and other estimated offering expenses. The Company intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "CIM PRA." The offering is expected to close on October 14, 2016, subject to customary closing conditions. The Company has granted the underwriters an option for 30 days to purchase up to an additional 810,000 shares of the Series A Preferred Stock to cover over-allotments, if any.

Chimera Investment is a real estate investment trust engaged in investing in mortgage assets, Co.'s investment portfolio includes: Residential Mortgage-Backed Securities, which invests in mortgage pass-through certificates issued or guaranteed; Agency commercial mortgage-backed securities, which each Government National Mortgage Association Construction Loan Certificates is backed by a single multifamily property or health care facilities; residential mortgage loans, which invests in residential mortgage loans primarily through direct and secondary market purchases; and other Asset-Backed Securities, which invests in securities issued in various collaterized debt obligations offerings.
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Name: Chimera Investment Corp
Sector: REITs
Number of ETFs Holding CIM: 47 (see which ones)
Total Market Value Held by ETFs: $352,103,281
Total Market Capitalization: $3,282,000,000
% of Market Cap. Held by ETFs: 10.73%

Open the CIM Page at Ru Back Packer (in a new window) »

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