This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Chimera Investment Corporation (CIM) released CIM-C recently.
CIM-C became materially overvalued. We expect that to revert back. We propose an alternative for investors willing to swap out of positions. There are much more attractive options. We will be using TWO-A from Two Harbors (TWO) as the alternative here - it is comparable and all around better.
Before comparing the preferred shares, we’d like to touch on something that was posted recently on The REIT Forum.