Latest news with #Chimera
Business Wire
6 days ago
- Business
- Business Wire
Chimera Declares Third Quarter 2025 Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.6464 per share of 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 10.34319%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.791%. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.484375 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.6345 per share of 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which reflects a rate of 9.93119%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the dividend determination date plus a spread of 5.379%. The dividend is payable September 30, 2025 to preferred shareholders of record on September 2, 2025. The ex-dividend date is September 2, 2025. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, MSRs, and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Forward-Looking Statements In this press release references to 'we,' 'us,' 'our' or 'the Company' refer to Chimera Investment Corporation and its subsidiaries unless specifically stated otherwise or the context otherwise indicates. This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'goal,' 'expect,' 'target,' 'assume,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'would,' 'will,' 'could,' 'should,' 'believe,' 'predict,' 'potential,' 'continue,' or similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption 'Risk Factors.' Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Risk Retention Rules; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including, the HomeXpress Acquisition and the Palisades Acquisition; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; our ability to find and retain qualified executive officers and key personnel; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; our ability to comply with extensive government regulation; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; our ability to make distributions to our stockholders in the future; and delays and/or unforeseen events that could cause the HomeXpress Acquisition to be delayed or not consummated. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these, and other risk factors is contained in Chimera's most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are advised that any financial information in this press release is based on Company data available at the time of this presentation and, in certain circumstances, may not have been audited by Chimera's independent auditors.
Forbes
01-08-2025
- Entertainment
- Forbes
Artist Saya Woolfalk's ‘Monstrous Feminine Bodies' Exemplify Urgent Need To Embrace Empathy And Celebrate Womanhood
Derived from cells of two or more genetically distinct individuals, life-sized fictional figures evolve from a whimsical science fiction universe bursting with vibrant color and layered with textures. The chimera appear to float toad a star. as if drawn into another plane of existence. Composed of natural and synthetic fibers, mannequins, handmade paper, spandex bodysuits, beads, notions, shoes, poly fill, paint, and gel medium, Saya Woolfalk's Chimera from her 2012 The Empathics series challenge the viewer's perception, as they are led into a narrative fantasy. African, African American, Japanese, European, and Brazilian cultures collide, as life-sized and larger-than-life female figures inhabit two floors of gallery space at the Museum of Arts and Design (MAD) in New York. These strange yet sublime figures offer an escape from a world that's become increasingly misunderstood amid raging geopolitical strife. The first retrospective of Woolfalk's two decades of world-building installations, Saya Woolfalk: Empathic Universe, on view at MAD through Sept. 7 introduces audiences to an imagined race of women called Empathics. Woolfalk's Empathics create a singular visual narrative through a truly immersive and interactive installations that invite close inspection. She wants viewers to become intimately acquianted with her array of colorful imagery, symbolism, and folklore. Her garment-based sculptures, video, paintings, works on paper, and performances, break down cultural boundaries and re-imagines a universe by welcoming viewers into her feral, fantastical feminist dialogue. FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder The emergence of Empathics is timely and urgent, as we grapple with semantic rage that divides folks encumbered by the hateful, inhumane pettiness of political sunder. First introduced in 1909 by psychologist Edward B. Titchener, the English term empathy derives from the German einfühlung, meaning "feeling into.' Art that stirs emotions fosters empathy and enables people to see beyond their own socioeconomic and cultural. Controversy swirls from both sides of political duopoly in the United States. Self-described conservatives recklessly dispensing nonsense terms like "selective empathy" or "toxic empathy". Some conservatives claim that an overemphasis on empathy may lead to policies that favor certain groups, espcially those aligned with liberal causes. While empathy has long been associated with liberal ideals, new psychological research published in Personality & Social Psychology Bulletin suggests that liberals may struggle more than conservatives to empathize with political opponents. On a blazing summer day in New York City, Woolfalk's otherworldly world provided an oasis for the body, soul, and creative spirit.
Los Angeles Times
27-06-2025
- Business
- Los Angeles Times
Santa Ana Mortgage Company HomeXpress Acquired by Chimera Investment Corp.
Chimera Investment Corp., a New York-based loan platform, agreed to acquire Santa Ana-based HomeXpress Mortgage Corp. from certain affiliates of Seer Capital Management's credit fund business and management sellers. HomeXpress is an originator of mortgage loan products with a nationwide presence across 46 states and D.C. The transaction is expected to close during the fourth quarter of 2025. 'We are thrilled to welcome HomeXpress to the Chimera team,' said Phillip J. Kardis II, chief executive and president of Chimera, in a statement. 'Bringing together Chimera's strong history of loan securitization, structured finance, and third-party loan management and advisory services with HomeXpress' loan origination platform is expected to create a powerful combination and enhance our enterprise value.' Wells Fargo Corp. acted as financial advisor for Chimera, and Hunton Andrews Kurth LLP and Alston & Bird LLP acted as legal advisor. Piper Sandler & Co. acted as financial advisor for HomeXpress Mortgage Corp. and Seer Capital Management LP. Sheppard, Mullin, Richter & Hampton LLP acted as legal advisor for HomeXpress Mortgage Corp. Mayer Brown LLP acted as legal advisor for the management team of HomeXpress Mortgage Corp. Information for this article was sourced from Chimera Investment Corp.
The Star
16-06-2025
- Automotive
- The Star
U-Boat celebrates 25 years of the Chimera limited-edition watch
Only 25 pieces of the Chimera 25 are available. It was not so long ago, in the year 2000, that a young man − Italo Fontana − decided to start on an assignment, inspired by his grandfather Ilvo's barely sketched project. This has resulted in the remarkable growth and journey of U-Boat, now synonymous with innovation, tradition and Tuscan craftsmanship. Above all, it has become an expression of the mind and heart of its founder, Italo Fontana, marked by 25 years of success. U-Boat has always challenged conventions, launching watch collections with an iconic design, against trends and fashions, and initially with oversized dimensions, even surprising the public at the Baselworld fair with a 65mm diameter wristwatch – the largest ever made at the time. A plaque with the serial number distinguishes the U-Boat Chimera's reference. To celebrate this important milestone, the brand has launched a limited-edition of only 25 pieces of one of the most iconic and recognisable watch designs that has undoubtedly marked the brand's history in the hearts of enthusiasts: the Chimera. The 46mm 316L stainless steel case houses a spectacular Damascus steel bezel, characterised by fascinating veins and aesthetic variations. The design is enhanced by five 18kt yellow gold tension screws that secure the bezel to the caseback, emphasising the attention to detail and refinement of the watch. Beneath the anti-reflective sapphire-coated mineral glass, the black metal dial is divided into two sections: the upper part features a 'carres' pattern while the lower section, in brushed metal with a gold finish, hosts the hour, minute and second hands, also in brushed metal. The steel caseback is engraved with the 25th-anniversary logo. An additional sub-dial, with a yellow gold border, frames the 25th-anniversary commemorative logo, while a plaque positioned at six o'clock celebrates this milestone. A curved date window is situated in the upper left to display the day's date. On the left side of the case, at 10 o'clock, stands the iconic patented button for easy crown extraction, made of 18kt yellow gold and knurled for a secure grip. On the opposite side, a plaque with the serial number distinguishes the watch's reference and the ordinal number of the limited edition. The strap is made of selected ostrich leather, crafted by artisans. The steel caseback features a central mineral glass section, engraved with the 25th-anniversary logo. In addition to the five gold tension screws, the caseback is secured with four additional screws that ensure water-resistance up to 100m, protecting the Swiss automatic mechanical movement ETA 2824 Top Soigne, modified according to U-Boat specifications. The customised rotor, made of brass and tungsten, showcases an elegant perlage finish and a rhodium-plated treatment. The strap with a pin buckle is made of selected ostrich leather, crafted in Tuscany by artisans. The iconic patented button for easy crown extraction, made of 18kt yellow gold, is knurled for a secure grip. With a total of over 13g of gold distributed among buttons, side plaque, tension screws, and dial, the Chimera 25° is a tribute to U-Boat's successful history. This celebratory watch blows out 25 candles, but still looks to the future with the same determination and innovative spirit that have made the brand a key player in the world of watchmaking.
Business Wire
12-06-2025
- Business
- Business Wire
HomeXpress Mortgage Corp. Announces Definitive Agreement to be Acquired by Chimera Investment Corporation
SANTA ANA, Calif.--(BUSINESS WIRE)--HomeXpress Mortgage Corp. ("HomeXpress"), a leading national originator of non-QM and business-purpose residential mortgage loans, today announced that it has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE: CIM) ('Chimera') from certain affiliates of Seer Capital Management's credit fund business ('Seer') and certain management sellers. HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker and the experienced HomeXpress management team. 'We are honored to join the Chimera organization and to advance our shared commitment to delivering innovative lending solutions to borrowers,' said Mr. Walker. 'HomeXpress, with its reliable service-first philosophy, combined with its strong partnerships with brokers and loan officers nationwide, will now be even more well-positioned to expand its product offerings and strategically grow the HomeXpress presence. By combining platforms and assets, Chimera and HomeXpress are poised to deliver enhanced value to HomeXpress' borrowers and further strengthen its relationships with its many business partners.' Phillip J. Kardis II, Chimera's Chief Executive Officer and President added, "We are excited to welcome HomeXpress to the Chimera team and to form this powerful combination. This strategic acquisition marks a significant expansion of Chimera's presence in the non-QM space, reinforcing its role as a leading real estate investment trust." Phil Weingord, Seer's Chief Executive Officer also added, "This is an exciting development for HomeXpress. We congratulate Kyle and the entire team and are proud of our collaboration and partnership with them. We have enjoyed working with management to build one of the premier non-QM mortgage platforms in the country, and we wish them continued success in HomeXpress' next chapter." Piper Sandler & Co. acted as the exclusive financial advisor to HomeXpress and Seer. Mayer Brown LLP served as legal counsel to Seer. Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to HomeXpress management. Wells Fargo acted as the exclusive financial advisor to Chimera. Hunton Andrews Kurth LLP served as legal counsel and Alston & Bird LLP served as regulatory counsel to Chimera. About Chimera Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, MSRs, and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. About HomeXpress HomeXpress, headquartered in Santa Ana, California, offers a wide array of consumer non-QM loans, investor business purpose loans, and other Agency and non-Agency mortgage loan products. HomeXpress has approximately 300 employees and actively lends in 46 states and D.C. HomeXpress originated approximately $2.5 billion of mortgage loans in 2024 and approximately $1.2 billion of mortgage loans year-to-date through May 2025, making it one of the largest wholesale non-QM originators in the U.S. and bringing its lifetime origination volume to over $10.7 billion.
