Chimera Declares Third Quarter 2017 Common and Preferred Stock Dividends
August 01 2017 - 4:08PM
Business Wire
- BOARD DECLARES THIRD QUARTER 2017
DIVIDEND OF $0.50 PER SHARE OF COMMON STOCK
- BOARD EXPECTS TO MAINTAIN A $0.50
DIVIDEND FOR THE FOURTH QUARTER OF 2017
- BOARD DECLARES THIRD QUARTER 2017
DIVIDEND OF $0.50 PER SHARE OF 8% SERIES A CUMULATIVE REDEEMABLE
PREFERRED STOCK
- BOARD DECLARES THIRD QUARTER 2017
DIVIDEND OF $0.50 PER SHARE OF 8% SERIES B CUMULATIVE REDEEMABLE
PREFERRED STOCK
The Board of Directors of Chimera announced the declaration of
its third quarter cash dividend of $0.50 per common share. The
dividend is payable October 27, 2017 to common stockholders of
record on September 29, 2017. The ex-dividend date is September 27,
2017.
The Board of Directors of Chimera also announced the declaration
of its third quarter cash dividend of $0.50 per share of 8% Series
A Cumulative Redeemable Preferred Stock. The dividend is payable
September 29, 2017 to preferred shareholders of record on September
1, 2017. The ex-dividend date is August 30, 2017.
The Board of Directors of Chimera also announced the declaration
of its third quarter cash dividend of $0.50 per share of 8% Series
B Cumulative Redeemable Preferred Stock. The dividend is payable
September 29, 2017 to preferred shareholders of record on September
1, 2017. The ex-dividend date is August 30, 2017.
Disclaimer
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Actual results
may differ from expectations, estimates and projections and,
consequently, readers should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“target,” “assume,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believe,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ
materially from expected results, including, among other things,
those described in our Annual Report on Form 10-K for the year
ended December 31, 2016, and any subsequent Quarterly Reports on
Form 10-Q, under the caption “Risk Factors.” Factors that could
cause actual results to differ include, but are not limited to: the
state of credit markets and general economic conditions; changes in
interest rates and the market value of our assets; the rates of
default or decreased recovery on the mortgages underlying our
target assets; the occurrence, extent and timing of credit losses
within our portfolio; the credit risk in our underlying assets;
declines in home prices; our ability to establish, adjust and
maintain appropriate hedges for the risks in our portfolio; the
availability and cost of our target assets; our ability to borrow
to finance our assets and the associated costs; changes in the
competitive landscape within our industry; our ability to manage
various operational risks and costs associated with our business;
interruptions in or impairments to our communications and
information technology systems; our ability to acquire residential
mortgage loans and successfully securitize the residential mortgage
loans we acquire; our ability to oversee our third party
sub-servicers; the impact of any deficiencies in the servicing or
foreclosure practices of third parties and related delays in the
foreclosure process; our exposure to legal and regulatory claims;
legislative and regulatory actions affecting our business; the
impact of new or modified government mortgage refinance or
principal reduction programs; our ability to maintain our REIT
qualification; and limitations imposed on our business due to our
REIT status and our exempt status under the Investment Company Act
of 1940.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Chimera does not undertake or accept any obligation to release
publicly any updates or revisions to any forward-looking statement
to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based.
Additional information concerning these and other risk factors is
contained in Chimera’s most recent filings with the Securities and
Exchange Commission (SEC). All subsequent written and oral
forward-looking statements concerning Chimera or matters
attributable to Chimera or any person acting on its behalf are
expressly qualified in their entirety by the cautionary statements
above.
Readers are advised that the financial information in this press
release is based on company data available at the time of this
presentation and, in certain circumstances, may not have been
audited by the company’s independent auditors.
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Chimera Investment CorporationInvestor Relations,
888-895-6557www.chimerareit.com
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