Chimera Investment Corporation Sponsors $1.5 Billion Residential Mortgage Loan Securitization
May 02 2016 - 6:05AM
Business Wire
On April 29, 2016, Chimera Investment Corporation (NYSE:CIM)
sponsored CIM 2016-1: a $1.5 billion securitization of seasoned
residential mortgage loans. Securities with an aggregate balance of
approximately $1.275 billion were sold in a private placement to
institutional investors. Chimera retained interests in securities
with an aggregate balance of approximately $225 million. Chimera
also retained an option to call the outstanding notes at any time
beginning in April 2020.
Other
Information
Chimera Investment Corporation invests in residential mortgage
loans, residential mortgage-backed securities, real estate-related
securities and various other asset classes. The Company’s principal
business objective is to generate income from the spread between
yields on its investments and its cost of borrowing and hedging
activities. The Company is a Maryland corporation that has elected
to be taxed as a real estate investment trust (“REIT”).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160502005153/en/
Chimera Investment CorporationInvestor Relations,
866-315-9930www.chimerareit.com
Chimera Investment (NYSE:CIM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Chimera Investment (NYSE:CIM)
Historical Stock Chart
From Apr 2023 to Apr 2024