Added 40 shares of Chimera Investment Corporation (CIM) at a price $14.39 per share. I now hold 78 shares of CIM. Chimera Investment Corporation pays dividend quarterly with 1-4-7-10 schedule. This purchase raises my yield on cost to 12.41%. 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.
No comments:
Post a Comment