New position started in porfolio : Chimera Investment Corporation (CIM)CIM
Chimera Investment Corporation is a specialty finance company. The Company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The Company’s objective is to provide attractive risk-adjusted returns to investors over the long-term, primarily through dividends and secondarily through capital appreciation. The Company is externally managed by Fixed Income Discount Advisory Company.
Chimera Investment Corporation pays dividend quarterly with 1-4-7-10 schedule. Starting yield is at 11.11%
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