-
BOARD DECLARES SECOND QUARTER 2019 DIVIDEND OF $0.50 PER SHARE OF
COMMON STOCK -
BOARD EXPECTS TO MAINTAIN A $0.50 DIVIDEND ON COMMON STOCK FOR THE
REMAINING TWO QUARTERS OF 2019 -
BOARD DECLARES SECOND QUARTER 2019 DIVIDEND OF $0.50 PER SHARE OF 8%
SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK -
BOARD DECLARES SECOND QUARTER 2019 DIVIDEND OF $0.50 PER SHARE OF 8%
SERIES B CUMULATIVE REDEEMABLE PREFERRED STOCK -
BOARD DECLARES SECOND QUARTER 2019 DIVIDEND OF $0.484375 PER SHARE OF
7.75% SERIES C CUMULATIVE REDEEMABLE PREFERRED STOCK -
BOARD DECLARES SECOND QUARTER 2019 DIVIDEND OF $0.87222 (LONG FIRST
DIVIDEND PERIOD) PER SHARE OF 8% SERIES D CUMULATIVE REDEEMABLE
PREFERRED STOCK
NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its
second quarter cash dividend of $0.50 per common share. The dividend is
payable July 30, 2019 to common stockholders of record on June 28, 2019.
The ex-dividend date is June 27, 2019.
The Board of Directors of Chimera also announced the declaration of its
second quarter cash dividend of $0.50 per share of 8% Series A
Cumulative Redeemable Preferred Stock. The dividend is payable June 28,
2019 to preferred shareholders of record on May 31, 2019. The
ex-dividend date is May 30, 2019.
The Board of Directors of Chimera also announced the declaration of its
second quarter cash dividend of $0.50 per share of 8% Series B
Cumulative Redeemable Preferred Stock. The dividend is payable June 28,
2019 to preferred shareholders of record on May 31, 2019. The
ex-dividend date is May 30, 2019.
The Board of Directors of Chimera also announced the declaration of its
second quarter cash dividend of $0.484375 per share of 7.75% Series C
Cumulative Redeemable Preferred Stock. The dividend is payable June 28,
2019 to preferred shareholders of record on May 31, 2019. The
ex-dividend date is May 30, 2019.
The Board of Directors of Chimera also announced the declaration of its
second quarter cash dividend of $0.87222 (long first dividend period)
per share of 8% Series D Cumulative Redeemable Preferred Stock. The
dividend is payable June 28, 2019 to preferred shareholders of record on
May 31, 2019. The ex-dividend date is May 30, 2019.
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 most recent Annual Report, 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.
Contacts
Investor Relations
888-895-6557
www.chimerareit.com
