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July 13, 2023

Subramaniam Viswanathan
Chief Financial Officer
Chimera Investment Corporation
630 Fifth Avenue , Ste 2400
New York, NY 10111

Re: CHIMERA INVESTMENT
CORP
Form 10-K for the
year ended December 31, 2022
File No. 001-33796

Dear Subramaniam Viswanathan:

We have limited our review of your filing to the financial
statements and related
disclosures and have the following comment. In our comment, we may ask
you to provide us
with information so we may better understand your disclosure.

Please respond to this comment within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comment applies to your facts and circumstances, please tell us why in
your response.

After reviewing your
response to this comment, we may have additional comments.

Form 10-K for the year ended December 31, 2022

Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Earnings available for distribution, page 51

1. We note you have added
transaction expenses back to GAAP Net income within your
calculation of Earnings
available for distribution. Please clarify for us the nature of these
expenses. In addition,
please tell us, and revise your filing to disclose, why management
believes the exclusion
of these expenses provides useful information to investors. Refer
to Item 10(e) of
Regulation S-K..
Subramaniam Viswanathan
Chimera Investment Corporation
July 13, 2023
Page 2

In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

You may contact Eric McPhee at 202-551-3693 or Jennifer Monick at
202-551-3295 with
any questions.



FirstName LastNameSubramaniam Viswanathan Sincerely,
Comapany NameChimera Investment Corporation
Division of
Corporation Finance
July 13, 2023 Page 2 Office of Real Estate
& Construction
FirstName LastName