CHMI - Chimera Investment - 8% Is About Right
On January 15, 2019, Chimera Investment did the first mREIT preferred since September 14, 2018 - which was also issued by Chimera. Following the trend we have seen in the space, the REIT issued a fixed to float structure, with the floating rate the LIBOR equivalent of the eight percent fixed rate offering level.
Chimera Investment Corp. (CIM) invests in a diversified portfolio of mortgage assets, including residential mortgage loans, Non-Agency RMBS, Agency commercial mortgage-backed securities, Agency RMBS, and other real estate related securities.
At September 30, 2018, approximately 52% of their investment