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August 28, 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
Response dated
August 8, 2023
File No. 001-33796

Dear Subramaniam Viswanathan:

We have reviewed your August 8, 2023 response to our comment
letter 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. Unless we note otherwise, our references to prior comments are
to comments in our
July 13, 2023 letter.

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 have reviewed your
response to comment 1 and your revised disclosure within your
Form 10-Q for the
quarter ended June 30, 2023. Please revise your disclosure in future
filings to discuss the
reasons you believe adjusting your measure to add back transaction
expenses provides
useful information to investors. Reference is made to Item 10(e) of
Regulation S-K.
You may contact Eric McPhee at 202-551-3693 or Jennifer Monick at
202-551-3295 if
you have any questions.
Subramaniam Viswanathan
Chimera Investment Corporation
August 28, 2023
Page 2


FirstName LastNameSubramaniam Viswanathan Sincerely,
Comapany NameChimera Investment Corporation
Division of Corporation Finance
August 28, 2023 Page 2 Office of Real Estate &
Construction
FirstName LastName