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Chimera Investment Corporation Buyback

OLI recorded this information on 8/5/2015

Company: Chimera Investment Corporation
Buyback: CIM buyback
$Amount Authorized: $250,000,000
Buyback Details: As part of the agreement, Chimera will purchase Annaly's 4.4% stake in Chimera for a purchase price of $126.4 million ($14.05 per share) as part of a new $250 million share repurchase program authorized by the Chimera Board. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The authorization does not obligate the Company to acquire any particular amount of common shares and the program may be suspended or discontinued at the Company's discretion without prior notice

Chimera Investment is a real estate investment trust engaged in investing in mortgage assets. Co.'s investment portfolio includes: Residential Mortgage Loans, which invests in residential mortgage loans through secondary market purchases from banks, non-bank financial institutions, and federally chartered corporations; Residential Mortgage-Backed Securities, which Co. invests in mortgage pass-through certificates issued or guaranteed by the Government National Mortgage Association, Federal National Mortgage Association or Federal Home Loan Mortgage Corporation; Agency mortgage-backed securities; and Other Real-Estate Related Assets.

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Preferreds: CIM.PRA, CIM.PRB, CIM.PRC, CIM.PRD


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Company Name: 
Chimera Investment Corp
Stock buyback: 
CIM buyback
Website: 
www.chimerareit.com
Sector: 
REITs
Number of ETFs Holding CIM: 
37
Total Market Value Held by ETFs: 
$385.24M
Total Market Capitalization: 
$3.80B
% of Market Cap. Held by ETFs: 
10.15%
 

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Sell (1.00 out of 4)
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