Chimera Investment (CIM) Misses Q2 EPS by 2c

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CHIMERA INVESTMENT CORPORATION RELEASES 2nd QUARTER 2016 EARNINGS

August 3, 2016 4:06 PM EDT

GAAP EARNINGS OF $0.39 PER SHARE CORE EARNINGS(1) OF $0.51 PER SHARE, NET OF $0.07 PER SHARE SECURITIZATION DEAL EXPENSES GAAP BOOK VALUE OF $15.78 PER SHARE AND ECONOMIC BOOK VALUE(1) OF $14.65 PER SHARE SPONSORED THREE RESIDENTIAL MORTGAGE LOAN SECURITIZATIONS TOTALING $5 BILLION AND RETAINED $769 MILLION OF SUBORDINATE SECURITIES REDUCED $2.2 BILLION OF AGENCY MBS HOLDINGS BOARD DECLARES THIRD QUARTER 2016 DIVIDEND OF $0.48 PER SHARE; EXPECTS TO MAINTAIN A $0.48 DIVIDEND FOR THE FOURTH QUARTER OF 2016

NEW YORK--(BUSINESS WIRE)--... More