Preferred Series C from Chimera Investment Corp. (CIM.PC) has an attractive 9.31% yield at current prices, but Chimera Investment Corp. (CIM) has been hit hard by the pandemic, more so than most other REITs. Because of the company's poor performance, weak financials and uncertain prospects for REITs, I would advise caution when considering investing in this company.
REITs, like companies in the shipping industry, have been hit hard by current market conditions, and Chimera Investment Corp. is no exception. The key is to find those companies that have the resources to