CHIMERA INVESTMENT CORP 8-K

Summary

Q2 2026 results with dividend coverage. Chimera generated $0.46 per share of earnings available for distribution (EAD), covering its $0.45 quarterly dividend, while GAAP net income available to common shareholders was negative. Management said interest-rate and spread movements affected book value; the company continued repositioning its portfolio and growing residential loan originations.

Key Figures

• The $0.45 dividend per share was 22% higher Y/Y; EAD covered it by 102%. Book value was $17.75 per share, down 3.2% from Q1, as Agency MBS gains were offset by marks on the securitized loan portfolio.
• Residential Origination generated $1.1B of production volume, up 30% Y/Y, with $9M of net income and $12M of non-GAAP EBTDA. The Investment Portfolio completed two re-securitizations totaling $487M in residential mortgage principal and purchased another $122M of HomeXpress-originated loans.
• Cash was $444M at quarter-end; GAAP leverage was 5.6:1, up from 5.1:1 at 12/31/2025. Chimera said it advanced plans for its first securitization using HomeXpress collateral.

Guidance

No guidance in this filing.

Investor Takeaways

• Watch EAD against the $0.45 quarterly dividend to assess whether dividend coverage continues.
• Progress on the planned HomeXpress-collateral securitization will show whether the company advances integration of its origination and investment businesses.