Chimera Investment Corporation Sets Dividend for 3rd and 4th Quarter 2013; Announces Update on 1st Q
Chimera Investment Corporation Sets Dividend for 3rdand 4thQuarter 2013; Announces Update on 1stQuarter 2012 Form 10-Q Filing
NEW YORK--(BUSINESS WIRE)-- Chimera Investment Corporation (NYS: CIM) today announced that the Board of Directors has decided to maintain a quarterly dividend of $0.09 per share for each of the third quarter and fourth quarter of 2013. The Board of Directors will review this program after the conclusion of the fourth quarter of 2013. As previously announced, the Company set a regular quarterly dividend of $0.09 per share for each of the first quarter and second quarter of 2013. Portions of 2013 dividends may be ordinary income, capital gains or a return of capital.
The Company also announced that additional time will be required for filing its Form 10-Q for the quarter ended March 31, 2012, beyond the previously announced estimated filing date of May 7, 2013. The Company had previously announced that it would delay the filing of Forms 10-Q for the quarters ended March 31, 2012, June 30, 2012, and September 30, 2012, and Form 10-K for the year ended December 31, 2012. The Company filed its Form 10-K for the year ended December 31, 2011, on March 8, 2013. The Company continues to work diligently to become current in its filings and will file all unfiled Quarterly Reports and the 2012 Form 10-K as soon as practicable.
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").
This news release contains or incorporates by reference certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. Forward-looking statements which are based on various assumptions (some of which are beyond the Company's control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "would," "will" or similar expressions, or variations on those terms or the negative of those terms. The Company's forward-looking statements are subject to numerous risks, uncertainties and other factors, including the impact of the transition to a new independent registered public accounting firm and the Company's ability to timely complete the process necessary to file its quarterly and annual reports for the quarters and year subsequent to December 31, 2011. The Company does not undertake, and specifically disclaims all obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, see "Item 1A — Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2011.
Chimera Investment Corporation
Investor Relations, 646-454-3759
KEYWORDS: United States North America New York
The article Chimera Investment Corporation Sets Dividend for 3rd and 4th Quarter 2013; Announces Update on 1st Quarter 2012 Form 10-Q Filing originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.