Business Context and Reporting Period
This Form 8-K is a current report filed by Chimera Investment Corporation on June 5, 2023. The filing serves as a Regulation FD disclosure to announce a correction regarding the ex-dividend date for the Company's second-quarter preferred stock cash dividends.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate action regarding dividend timing.
Material Changes
The primary material change disclosed is a revision to the ex-dividend date for the following preferred stock series:
- 8.00% Series A Cumulative Redeemable Preferred Stock (CIM PRA)
- 8.00% Series B Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock (CIM PRB)
- 7.75% Series C Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock (CIM PRC)
- 8.00% Series D Cumulative Fixed-to-Floating Rate Redeemable Preferred Stock (CIM PRD)
The ex-dividend date has been moved from the previously announced June 19, 2023 to June 16, 2023. This adjustment was made due to the statutory holiday on June 19, 2023.
Guidance, Outlook, and Management Commentary
Management confirmed that all other dates and information regarding the dividend payments remain unchanged from the June 1, 2023 press release. Specifically:
- Payment Amount: Unchanged.
- Payable Date: Remains June 30, 2023.
- Record Date: Unchanged.
The filing does not provide new guidance, outlook, or discuss risks and contingencies beyond the administrative correction of the dividend date.
Investor Verification Checklist
- Verify the new ex-dividend date of June 16, 2023 for Series A, B, C, and D preferred stock to ensure eligibility for the upcoming dividend.
- Confirm that the dividend payment date remains June 30, 2023.
- Review the attached press release (Exhibit 99.1) for any additional details on the dividend calculation or record date.