United States securities and exchange commission logo





                               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