Chimera Investment Offers 1 Fixed And 3 Fixed/Floating Preferreds (NYSE:CIM)

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2024 with world economic financial.money loan interest rate or business analysis.

HAKINMHAN

Introduction

I haven’t had a mortgage on my house in years. When I did, I had two strategies to cut my costs. First, when my rate was over 8%, I made extra payments. Compared to the mutual fund’s return I used to source those payments, the

Factor A Pfd B Pfd C Pfd D Pfd Common
Issued 10/6/16 2/22/17 9/13/18 1/15/19 6/1/07
Issued $145m $325m $260m $200m NA
Coupon 8.00% 8.00% 7.75% 8.00% NA
Coupon calc fixed

3moSOFR+

.26161

+5.791

3moSOFR+

.26161+

4.743

3moSOFR+

.26161+

5.379

BOD set
Price $21.11 $23.44 $20.21 $23.13 $4.96
Yield 9.4% 8.5% 9.6% 8.6% 8.7%
Call date 10/30/21 3/30/24 9/30/25 3/30/24 NA
YTC NA 31.7% 21.1% 38.1% NA

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