Chimera Investment Corporation

Chimera is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes.  We have elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Chimera Investment Corporation is externally managed by Fixed Income Discount Advisory Company, a wholly-owned subsidiary of Annaly Capital Management.

Fixed Income Discount Advisory Company ("FIDAC"), a wholly-owned subsidiary of Annaly, is an investment advisor registered with the Securities and Exchange Commission. FIDAC is a fixed-income investment management company that specializes in managing interest rate and credit-sensitive fixed income strategies.

Our objective is to provide attractive risk-adjusted returns to our investors over the long-term, primarily through dividends and secondarily through capital appreciation. We will strive to achieve this objective by investing in a broad class of financial assets to construct an investment portfolio designed to achieve attractive risk-adjusted returns

We have elected to be taxed as a real estate investment trust (REIT) and are therefore required to pay out at least 90% of our earnings to our shareholders in order to avoid taxation at the corporate level. Our stock trades on the New York Stock Exchange under the ticker CIM.