![]() ![]() ![]() ![]() Net income (loss) per share available to common shareholders: ![]() Net income (loss) available to common shareholders Net realized gains (losses) on sales of investments Net unrealized gains (losses) on financial instruments at fair value Net unrealized gains (losses) on derivatives Increase (decrease) in provision for credit losses As of September 30, 2022, and December 31, 2021, total assets of consolidated VIEs were $10,790,005 and $10,666,591, respectively, and total liabilities of consolidated VIEs were $7,005,717 and $7,223,655, respectively. (1) The Company's consolidated statements of financial condition include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). Total liabilities and stockholders' equity Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized:Ĩ.00% Series A cumulative redeemable: 5,800,000 shares issued and outstanding, respectively ($145,000 liquidation preference)Ĩ.00% Series B cumulative redeemable: 13,000,000 shares issued and outstanding, respectively ($325,000 liquidation preference)ħ.75% Series C cumulative redeemable: 10,400,000 shares issued and outstanding, respectively ($260,000 liquidation preference)Ĩ.00% Series D cumulative redeemable: 8,000,000 shares issued and outstanding, respectively ($200,000 liquidation preference)Ĭommon stock: par value $0.01 per share 500,000,000 shares authorized, 231,751,256 and 236,951,266 shares issued and outstanding, respectively Securitized debt at fair value, collateralized by Loans held for investment ($10.6 billion and $11.0 billion pledged as collateral, respectively) Securitized debt, collateralized by Non-Agency RMBS ($281 million and $365 million pledged as collateral, respectively) Secured financing agreements ($3.8 billion and $4.4 billion pledged as collateral, respectively) Non-Agency RMBS, at fair value (net of allowance for credit losses of $3 million and $213 thousand, respectively) (dollars in thousands, except share and per share data) We believe we are well positioned to take advantage of new market opportunities and that our patience and investment discipline will benefit our shareholders over the long-term."ĬONSOLIDATED STATEMENTS OF FINANCIAL CONDITION Marria further stated, "Since quarter end, we have increased our cash position, entered into an additional $1.1 billion of hedges, closed a new non-mark-to-market financing facility, expect to close a purchase of jumbo prime loans into another long-term non-mark-to-market structure, and lastly, completed a $145 million securitization. "This quarter we committed to purchasing approximately $750 million mortgage loans, completed a $370 million securitization, and entered into $885 million of new interest rate swaps as a liability hedge against further increases in interest rates." Mr. However, these market conditions have brought new opportunities on both sides of the balance sheet," said Mohit Marria, CEO and Chief Investment Officer. "In the third quarter, elevated market volatility led to higher rates and wider spreads putting further pressure on our book value. Sponsored $145 million CIM 2022-NR1 Securitization, which further reduced our recourse leverage Cash balance increased to about $350 million as of October 31, 2022Įntered an additional $1.1 billion of pay fixed interest rate swapsĮntered $250 million 2-year, non-mark-to-market financing facility bringing our non and limited mark-to- market financing to nearly 50%Įxpect to close the purchase of $476 million Residential Loans into a long-term non-mark-to market structure which we expect will generate double digit returns ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |