Chimera Investment Corporation Sets Dividend for 3rd and 4th Quarter 2013; Announces Update on 1st Quarter 2012 Form 10-Q

  Chimera Investment Corporation Sets Dividend for 3rd and 4th Quarter 2013;
  Announces Update on 1st Quarter 2012 Form 10-Q Filing

Business Wire

NEW YORK -- May 06, 2013

Chimera Investment Corporation (NYSE: CIM) today announced that the Board of
Directors has decided to maintain a quarterly dividend of $0.09 per share for
each of the third quarter and fourth quarter of 2013. The Board of Directors
will review this program after the conclusion of the fourth quarter of 2013.
As previously announced, the Company set a regular quarterly dividend of $0.09
per share for each of the first quarter and second quarter of 2013. Portions
of 2013 dividends may be ordinary income, capital gains or a return of
capital.

The Company also announced that additional time will be required for filing
its Form 10-Q for the quarter ended March 31, 2012, beyond the previously
announced estimated filing date of May 7, 2013. The Company had previously
announced that it would delay the filing of Forms 10-Q for the quarters ended
March 31, 2012, June 30, 2012, and September 30, 2012, and Form 10-K for the
year ended December 31, 2012. The Company filed its Form 10-K for the year
ended December 31, 2011, on March 8, 2013. The Company continues to work
diligently to become current in its filings and will file all unfiled
Quarterly Reports and the 2012 Form 10-K 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”).

This news release contains or incorporates by reference certain
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Exchange Act. Forward-looking statements
which are based on various assumptions (some of which are beyond the Company’s
control) may be identified by reference to a future period or periods or by
the use of forward-looking terminology, such as “believe,” “expect,”
“anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,”
“would,” “will” or similar expressions, or variations on those terms or the
negative of those terms. The Company’s forward-looking statements are subject
to numerous risks, uncertainties and other factors, including the impact of
the transition to a new independent registered public accounting firm and the
Company’s ability to timely complete the process necessary to file its
quarterly and annual reports for the quarters and year subsequent to December
31, 2011. The Company does not undertake, and specifically disclaims all
obligation, to publicly release the result of any revisions which may be made
to any forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements, see
“Item 1A — Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2011.

Contact:

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