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Chimera Investment Corporation Obtains New York Stock Exchange Listing Extension to March 15, 2013



  Chimera Investment Corporation Obtains New York Stock Exchange Listing
  Extension to March 15, 2013

Business Wire

NEW YORK -- February 14, 2013

Chimera Investment Corporation (NYSE: CIM) announced today that it has
received a final 30-day extension for continued listing and trading of the
Company’s stock on the New York Stock Exchange (NYSE).

The extension granted by the NYSE, which is subject to review by the NYSE on
an ongoing basis, provides the Company until March 15, 2013, to file its 2011
Annual Report on Form 10-K with the Securities and Exchange Commission. During
the extension period, trading of the Company’s shares on the NYSE will remain
unaffected. The Company had previously obtained a four-month listing extension
until January 15, 2013, and a subsequent extension to February 15, 2013.

The Company previously announced that it would delay the filing of its Form
10-K for the year ended December 31, 2011 (“2011 10-K”), and its Form 10-Q for
the quarters ended March 31, June 30, and September 30, 2012. On August 7,
2012, the Company announced that the Company’s consolidated financial
statements included in its previously filed Annual Reports on Form 10-K for
the years ended December 31, 2010, 2009 and 2008, and its Quarterly Reports on
Form 10-Q beginning with the quarter ended September 30, 2008, and for all
subsequent quarters through the quarter ended September 30, 2011, need to be
restated and can no longer be relied upon.

The restatement is not expected to affect the Company’s previously reported
GAAP or economic book values, actual cash flows, dividends and taxable income
for any previous period. The Company continues to work diligently to complete
the ongoing work on the restatement and on becoming current on all of its
filings required under applicable securities laws. The Company expects to file
its 2011 10-K as soon as practicable and expects to file its Quarterly Report
on Form 10-Q for the quarterly period ending March 31, 2012 within 60 days of
filing the 2011 10-K. Any subsequent unfiled Quarterly Reports will be filed
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”).

Disclosures About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are
based on the current beliefs and expectations of the Company’s management and
are subject to significant risks and uncertainties. Because these
forward-looking statements involve risks and uncertainties, there are
important factors that could cause the Company’s actual results, as well as
the Company’s expectations regarding materiality or significance, the
restatement’s quantitative effects, the effectiveness of the Company’s
disclosure controls and procedures, material weaknesses in internal control
over financial reporting, the filing of the Company’s untimely SEC reports and
continued trading of the Company’s common stock on the NYSE, to differ
materially from those in the forward-looking statements. These factors
include, among other things, the risk that additional information may arise
from the preparation of the Company’s restated consolidated financial
statements and that the Company’s internal control over financial reporting
may be inadequate or have weaknesses of which the Company is not currently
aware or which have not been detected. The Company does not undertake to
update the forward-looking statements to reflect the impact of circumstances
or events that may arise after the date of the forward-looking statements. For
a discussion of a variety of risk factors affecting the Company’s business and
prospects, see “Item 1A — Risk Factors” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2010 (the “2010 10-K”), as supplemented
by the reports the Company has filed since the 2010 10-K.

Contact:

Chimera Investment Corporation
Investor Relations, 646-454-3759
www.chimerareit.com
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