Business Context and Reporting Period
Chimera Investment Corporation filed a Form 8-K Current Report on July 29, 2008. The filing addresses the termination of material definitive agreements entered into earlier in the year.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or liquidity figures. Regarding debt and outstanding obligations, the Company explicitly states it has no amounts outstanding under the terminated agreements.
Material Changes
- Termination of Agreements: On July 29, 2008, the Company terminated two master repurchase agreements:
- Agreement dated January 31, 2008, with DB Structured Products, Inc. and Deutsche Bank Securities Inc.
- Agreement dated January 18, 2008, with Credit Suisse First Boston Mortgage Capital LLC.
- Outstanding Balances: There were no amounts outstanding under either agreement at the time of termination.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific event of the agreement terminations.
Investor Verification Checklist
- Confirm the effective date of termination for the DB Structured Products and Credit Suisse agreements (July 29, 2008).
- Verify that no financial obligations or amounts remained outstanding under these specific master repurchase agreements.
- Review subsequent filings to determine if the termination of these liquidity facilities impacts the Company's overall funding strategy.