• 4TH QUARTER GAAP EARNINGS OF $1.17 PER COMMON SHARE
• 4TH QUARTER CORE EARNINGS⁽¹⁾ OF $0.65 PER COMMON SHARE
• FULL YEAR GAAP EARNINGS OF $2.92 PER COMMON SHARE UP FROM $1.25 PER COMMON SHARE IN 2015
• FULL YEAR CORE EARNINGS OF $2.42 PER COMMON SHARE UP FROM $2.37 PER COMMON SHARE IN 2015
• GAAP BOOK VALUE OF $15.87 PER COMMON SHARE UP FROM $15.70 PER COMMON SHARE IN 2015, COMPARED TO $16.18 IN 3RD QUARTER 2016

NEW YORK--(BUSINESS WIRE)-- “Chimera’s portfolio produced a positive total return despite a significant rise in long term interest rates in the fourth quarter of 2016,” said Matthew Lambiase, Chimera’s CEO and President. “Full year 2016 included meaningful new investments in securitized mortgage loans which helped us grow earnings. We finished our first calendar year as an internally managed company and remain committed to creating value for our shareholders.”

(1) Core earnings is a non-GAAP measure. See additional discussion on page 5.

Note: All per common share amounts presented on a diluted basis.

Other Information

Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. We were incorporated in Maryland on June 01, 2007 and commenced operations on November 21, 2007. We invest, either directly or indirectly through our subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. We have elected and believe that we are organized and have operated in a manner that enables us to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, or the Code.

Please visit www.chimerareit.com and click on Investor Relations for additional information about us.

CHIMERA INVESTMENT CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(dollars in thousands, except share and per share data)
		December 31, 2016				December 31, 2015
Assets:
Cash and cash equivalents		$	177,714			$	114,062
Non-Agency RMBS, at fair value		3,330,063				3,675,841
Agency MBS, at fair value		4,167,754				6,514,824
Securitized loans held for investment, at fair value		8,753,653				4,768,416
Accrued interest receivable		79,697				66,247
Other assets		166,350				189,796
Derivatives, at fair value, net		9,677				15,460
Total assets (1)		$	16,684,908			$	15,344,646
Liabilities:
Repurchase agreements, MBS ($7.0 billion and $8.8 billion pledged as collateral, respectively)		$	5,600,903			$	7,439,339
Securitized debt, collateralized by Non-Agency RMBS ($1.8 billion and $2.1 billion pledged as collateral, respectively)		334,124				529,415
Securitized debt at fair value, collateralized by loans held for investment ($8.8 billion and $4.8 billion pledged as collateral, respectively)		6,941,097				3,720,496
Payable for investments purchased		520,532				560,641
Accrued interest payable		48,670				37,432
Dividends payable		97,005				90,097
Accounts payable and other liabilities		16,694				11,404
Derivatives, at fair value		2,350				9,634
Total liabilities (1)		$	13,561,375			$	12,398,458
Stockholders' Equity:
Preferred Stock: par value $0.01 per share; 8% Series A cumulative redeemable; 100,000,000 shares authorized, 5,800,000 and 0 shares issued and outstanding, respectively ($145,000 liquidation preference)		$	58			$	—
Common stock: par value $0.01 per share; 300,000,000 shares authorized, 187,739,634 and 187,711,868 shares issued and outstanding, respectively		1,877				1,877
Additional paid-in-capital		3,508,779				3,366,568
Accumulated other comprehensive income		718,106				773,791
Cumulative earnings		2,443,184				1,891,239
Cumulative distributions to stockholders		(3,548,471		)		(3,087,287		)
Total stockholders' equity		$	3,123,533			$	2,946,188
Total liabilities and stockholders' equity		$	16,684,908			$	15,344,646

(1) The Company's consolidated statements of financial condition include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of December 31, 2016 and December 31, 2015, total assets of consolidated VIEs were $10,761,954 and $7,031,278, respectively, and total liabilities of consolidated VIEs were $7,300,163 and $4,262,017, respectively.

CHIMERA INVESTMENT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in thousands, except share and per share data)
		For the Year Ended
		December 31, 2016				December 31, 2015				December 31, 2014
Net Interest Income:
Interest income (1)		$	934,068			$	872,737			$	687,795
Interest expense (2)		347,857				259,365				147,785
Net interest income		586,211				613,372				540,010
Other-than-temporary impairments:
Total other-than-temporary impairment losses		(9,589		)		(8,700		)		(8,713		)
Portion of loss recognized in other comprehensive income		(48,398		)		(58,744		)		(55,279		)
Net other-than-temporary credit impairment losses		(57,987		)		(67,444		)		(63,992		)
Other investment gains (losses):
Net unrealized gains (losses) on derivatives		50,093				67,385				(103,496		)
Realized gains (losses) on terminations of interest rate swaps		(60,616		)		(98,949		)		—
Net realized gains (losses) on derivatives		(44,886		)		(83,073		)		(82,852		)
Net gains (losses) on derivatives		(55,409		)		(114,637		)		(186,348		)
Net unrealized gains (losses) on financial instruments at fair value		59,552				(158,433		)		193,534
Net realized gains (losses) on sales of investments		18,155				77,074				91,709
Gain (loss) on deconsolidation		—				(256		)		47,846
Gains (losses) on Extinguishment of Debt		(477		)		(5,930		)		(2,184		)
Total other gains (losses)		21,821				(202,182		)		144,557
Other income:
Other income		95,000				—				23,783
Total other income		95,000				—				23,783
Other expenses:
Management fees		—				24,609				32,514
Expense recoveries from Manager		—				(6,906		)		(8,936		)
Net management fees		—				17,703				23,578
Provision for loan losses, net		—				—				(232		)
Compensation and benefits		26,901				10,544				—
General and administrative expenses		17,516				31,633				20,403
Servicing Fees of consolidated VIEs		31,178				25,244				10,004
Deal Expenses		17,424				8,272				1,398
Total other expenses		93,019				93,396				31,368
Income (loss) before income taxes		552,026				250,350				589,207
Income taxes		83				1				2
Net income (loss)		$	551,943			$	250,349			$	589,205
Dividend on preferred stock		2,449				—				—
Net income (loss) available to common shareholders		$	549,494			$	250,349			$	589,205
Net income (loss) per share available to common shareholders:
Basic		$	2.93			$	1.25			$	2.87
Diluted		$	2.92			$	1.25			$	2.87
Weighted average number of common shares outstanding:
Basic		187,728,634				199,563,196				205,450,095
Diluted		188,024,838				199,650,177				205,508,769
Dividends declared per share of common stock		$	2.44			$	1.92			$	1.80

(1) Includes interest income of consolidated VIEs of $678,623, $575,715, and $428,992 for the years ended December 31, 2016, 2015, and 2014 respectively.

(2) Includes interest expense of consolidated VIEs of $249,708, $191,922 and $119,103 for the years ended December 31, 2016, 2015, 2014 respectively.

		For the Quarter Ended
		December 31, 2016				September 30, 2016				June 30, 2016				March 31, 2016
		(dollars in thousands, except per share data)
Net Interest Income:
Interest income		$	260,823			$	250,953			$	221,096			$	201,194
Interest expense		106,737				94,911				83,227				62,981
Net interest income		154,086				156,042				137,869				138,213
Other-than-temporary impairments:
Total other-than-temporary impairment losses		(1,034		)		(993		)		(3,139		)		(4,423		)
Portion of loss recognized in other comprehensive income		(13,746		)		(10,581		)		(17,816		)		(6,255		)
Net other-than-temporary credit impairment losses		(14,780		)		(11,574		)		(20,955		)		(10,678		)
Net gains (losses) on derivatives		115,523				13,360				(47,755		)		(136,537		)
Net unrealized gains (losses) on financial instruments at fair value		(20,664		)		32,999				30,347				16,871
Gain (loss) on deconsolidation		—				—				—				—
Gain (loss) on Extinguishment of Debt		1,334				(45		)		—				(1,766		)
Net realized gains (losses) on sales of investments		11,121				3,079				6,631				(2,674		)
Other Income		—				—				—				95,000
Total other expenses		24,698				21,031				31,987				15,302
Net income		$	221,903			$	172,817			$	74,127			$	83,098
Dividend on preferred stock		$	2,449			$	—			$	—			$	—
Net income (loss) available to common shareholders		$	219,454			$	172,817			$	74,127			$	83,098
Net income per common share-basic		$	1.17			$	0.92			$	0.39			$	0.44

Core earnings

Core earnings is a non-GAAP measure and is defined as GAAP net income excluding unrealized gains on the aggregate portfolio, impairment losses, realized gains on sales of investments, realized gains or losses on futures, realized gains or losses on swap terminations, gain on deconsolidation, extinguishment of debt and certain other non-recurring gains or losses. As defined, core earnings include interest income and expense as well as realized losses on interest rate swaps used to hedge interest rate risk. Management believes that the presentation of core earnings is useful to investors because it can provide a useful measure of comparability to our other REIT peers, but has important limitations. We believe core earnings as described above helps evaluate our financial performance without the impact of certain transactions but is of limited usefulness as an analytical tool. Therefore, core earnings should not be viewed in isolation and is not a substitute for net income or net income per basic share computed in accordance with GAAP.

The following table provides GAAP measures of net income and net income per basic share available to common stockholders for the periods presented and details with respect to reconciling the line items to core earnings and related per average basic common share amounts:

		For the Year Ended
		December 31, 2016				December 31, 2015				December 31, 2014
		(dollars in thousands, except per share data)
GAAP Net income available to common stockholders		$	549,494			$	250,349			$	589,205
Adjustments:
Net other-than-temporary credit impairment losses		57,987				67,444				63,992
Net unrealized (gains) losses on derivatives		(50,093		)		(67,385		)		103,496
Net unrealized (gains) losses on financial instruments at fair value		(59,552		)		158,433				(193,534		)
Net realized (gains) losses on sales of investments		(18,155		)		(77,074		)		(91,709		)
(Gains) losses on extinguishment of debt		477				5,930				2,184
Realized (gains) losses on terminations of interest rate swaps		60,616				98,949				—
Net realized (gains) losses on derivatives - Futures(1)		9,170				35,523				38,552
Total other (gains) losses		(95,000		)		256				(71,629		)
Core Earnings		$	454,944			$	472,425			$	440,557
GAAP net income per basic common share		$	2.93			$	1.25			$	2.87
Core earnings per basic common share(2)		$	2.42			$	2.37			$	2.14

		For the Quarters Ended
		December 31, 2016				September 30, 2016				June 30, 2016				March 31, 2016				December 31, 2015
		(dollars in thousands, except per share data)
GAAP Net income available to common stockholders		$	219,454			$	172,817			$	74,127			$	83,098			$	115,380
Adjustments:
Net other-than-temporary credit impairment losses		14,780				11,574				20,955				10,678				14,696
Net unrealized (gains) losses on derivatives		(101,475		)		(27,628		)		(22,100		)		101,110				(46,842		)
Net unrealized (gains) losses on financial instruments at fair value		20,664				(32,999		)		(30,347		)		(16,871		)		69,793
Net realized (gains) losses on sales of investments		(11,121		)		(3,079		)		(6,631		)		2,674				(34,285		)
(Gains) losses on extinguishment of debt		(1,334		)		45				—				1,766				(8,906		)
Realized (gains) losses on terminations of interest rate swaps		—				—				60,158				458				(754		)
Net realized (gains) losses on Futures (1)		(19,628		)		7,823				(635		)		21,609				(9,018		)
Total other (gains) losses		—				—				—				—				256
Other income		—				—				—				(95,000		)		—
Core Earnings		$	121,340			$	128,553			$	95,527			$	109,522			$	100,320
GAAP net income per basic common share		$	1.17			$	0.92			$	0.39			$	0.44			$	0.61
Core earnings per basic common share(2)		$	0.65			$	0.68			$	0.51			$	0.58			$	0.53

(1)		Included in net realized gains (losses) on derivatives in the Consolidated Statements of Operations.
(2)		We note that core and taxable earnings will typically differ, and may materially differ, due to differences on realized gains and losses on investments and related hedges, credit loss recognition, timing differences in premium amortization, accretion of discounts, equity compensation and other items.

The following tables provide a summary of the Company’s RMBS portfolio at December 31, 2016 and December 31, 2015.

		December 31, 2016
		Principal or Notional Value at Period-End (dollars in thousands)				Weighted Average Amortized Cost Basis				Weighted Average Fair Value				Weighted Average Coupon			Weighted Average Yield at Period-End (1)
Non-Agency RMBS
Senior		$	3,190,947			$	55.76			$	78.69			4.3	%		15.5	%
Senior, interest-only		5,648,339				5.18				4.49				1.5	%		11.7	%
Subordinated		673,259				70.83				82.21				3.8	%		9.2	%
Subordinated, interest-only		266,927				5.20				4.50				1.1	%		13.5	%
Agency MBS
Residential pass-through		2,594,570				105.78				104.29				3.9	%		3.0	%
Commercial pass-through		1,331,543				102.64				98.91				3.6	%		2.9	%
Interest-only		3,356,491				4.53				4.31				0.8	%		3.5	%
		December 31, 2015
		Principal or Notional Value at Period-End (dollars in thousands)				Weighted Average Amortized Cost Basis				Weighted Average Fair Value				Weighted Average Coupon			Weighted Average Yield at Period-End (1)
Non-Agency RMBS
Senior		$	3,651,869			$	57.47			$	77.39			3.8	%		13.7	%
Senior, interest-only		5,426,029				4.95				4.32				1.7	%		12.9	%
Subordinated		762,466				69.25				79.26				3.2	%		8.8	%
Subordinated, interest-only		284,931				5.34				3.95				1.2	%		10.9	%
Agency MBS
Residential pass-through		5,045,418				105.07				104.41				3.7	%		2.8	%
Commercial pass-through		952,091				102.27				102.28				3.4	%		2.9	%
Interest-only		6,722,472				4.17				4.06				0.8	%		3.4	%
(1) Bond Equivalent Yield at period end.

At December 31, 2016 and December 31, 2015, the repurchase agreements collateralized by RMBS had the following remaining maturities.

		December 31, 2016				December 31, 2015
		(dollars in thousands)
Overnight		$	—			$	—
1 to 29 days		2,947,604				3,312,902
30 to 59 days		958,956				2,501,513
60 to 89 days		407,625				246,970
90 to 119 days		559,533				430,026
Greater than or equal to 120 days		727,185				947,928
Total		$	5,600,903			$	7,439,339

The following table summarizes certain characteristics of our portfolio at December 31, 2016 and December 31, 2015.

		December 31, 2016				December 31, 2015
Interest earning assets at period-end (1)		$	16,251,470			$	14,959,081
Interest bearing liabilities at period-end		$	12,876,124			$	11,689,250
GAAP Leverage at period-end		4.1:1				4.0:1
GAAP Leverage at period-end (recourse)		1.8:1				2.5:1
Portfolio Composition, at amortized cost
Non-Agency RMBS		9.0		%		10.4		%
Senior		3.9		%		4.7		%
Senior, interest only		1.9		%		1.9		%
Subordinated		3.1		%		3.7		%
Subordinated, interest only		0.1		%		0.1		%
RMBS transferred to consolidated VIEs		7.6		%		10.1		%
Agency MBS		27.7		%		46.0		%
Residential		17.8		%		37.2		%
Commercial		8.9		%		6.8		%
Interest-only		1.0		%		2.0		%
Securitized loans held for investment		55.7		%		33.5		%
Fixed-rate percentage of portfolio		88.4		%		84.7		%
Adjustable-rate percentage of portfolio		11.6		%		15.3		%
Annualized yield on average interest earning assets for the periods ended		6.4		%		6.0		%
Annualized cost of funds on average borrowed funds for the periods ended (2)		3.0		%		2.5		%
(1) Excludes cash and cash equivalents.
(2) Includes the effect of realized losses on interest rate swaps.

Economic Net Interest Income

Our “Economic net interest income” is a non-GAAP financial measure, that equals interest income, less interest expense and realized losses on our interest rate swaps. Realized losses on our interest rate swaps are the periodic net settlement payments made or received. For the purpose of computing economic net interest income and ratios relating to cost of funds measures throughout this section, interest expense includes net payments on our interest rate swaps, which is presented as a part of Realized gains (losses) on derivatives in our Consolidated Statements of Operations and Comprehensive Income. Interest rate swaps are used to manage the increase in interest paid on repurchase agreements in a rising rate environment. Presenting the net contractual interest payments on interest rate swaps with the interest paid on interest-bearing liabilities reflects our total contractual interest payments. We believe this presentation is useful to investors because it depicts the economic value of our investment strategy by showing actual interest expense and net interest income. Where indicated, interest expense, including interest payments on interest rate swaps, is referred to as economic interest expense. Where indicated, net interest income reflecting interest payments on interest rate swaps, is referred to as economic net interest income.

The following table reconciles the GAAP and non-GAAP measurements reflected in the Management’s Discussion and Analysis of Financial Condition and Results of Operations.

		GAAP Interest Income				GAAP Interest Expense				Net Realized Losses on Interest Rate Swaps				Other(2)				Economic Interest Expense				GAAP Net Interest Income				Net Realized Losses on Interest Rate Swaps				Other (1)(2)				Economic Net Interest Income
For the Year Ended December 31, 2016		$	934,068			$	347,857			$	28,107			$	—			$	375,964			$	586,211			$	(28,107	)		$	(882	)		$	557,222
For the Year Ended December 31, 2015		$	872,737			$	259,365			$	47,227			$	(2,217	)		$	304,375			$	613,372			$	(47,227	)		$	1,218			$	567,363
For the Year Ended December 31, 2014		$	687,795			$	147,785			$	52,522			$	—			$	200,307			$	540,010			$	(52,522	)		$	(22	)		$	487,466
For the Quarter Ended December 31, 2016		$	260,823			$	106,737			$	4,151			$	—			$	110,888			$	154,086			$	(4,151	)		$	40			$	149,975
For the Quarter Ended September 30, 2016		$	250,953			$	94,911			$	4,595			$	—			$	99,506			$	156,042			$	(4,595	)		$	(105	)		$	151,342
For the Quarter Ended June 30, 2016		$	221,096			$	83,227			$	8,141			$	—			$	91,368			$	137,869			$	(8,141	)		$	(367	)		$	129,361
For the Quarter Ended March 31, 2016		$	201,194			$	62,981			$	11,220			$	—			$	74,201			$	138,213			$	(11,220	)		$	(448	)		$	126,545

(1)		Primarily interest income on cash and cash equivalents.
(2)		Other includes $2 million of deferred financing expenses written off during the quarter ended September 30, 2015.

The table below shows our average earning assets held, interest earned on assets, yield on average interest earning assets, average debt balance, economic interest expense, economic average cost of funds, economic net interest income, and net interest rate spread for the periods presented.

		For the Quarter Ended
		December 31, 2016											December 31, 2015
		(dollars in thousands)											(dollars in thousands)
		Average Balance				Interest				Average Yield/Cost			Average Balance				Interest				Average Yield/Cost
Assets:
Interest-earning assets (1):
Agency MBS		$	3,730,032			$	38,494			4.1	%		$	5,967,169			$	37,762			2.5	%
Non-Agency RMBS		1,390,837				32,098				9.2	%		1,452,456				27,993				7.7	%
Non-Agency RMBS transferred to consolidated VIEs		1,208,217				61,021				20.2	%		1,465,966				64,045				17.5	%
Jumbo Prime securitized residential mortgage loans held for investment		355,578				2,958				3.3	%		474,543				3,688				3.1	%
Seasoned subprime securitized residential mortgage loans held for investment		8,337,725				126,292				6.1	%		4,523,675				68,411				6.0	%
Total		$	15,022,389			$	260,863			6.9	%		$	13,883,809			$	201,899			5.8	%
Liabilities and stockholders' equity:
Interest-bearing liabilities:
Agency repurchase agreements (2)		$	3,199,755			$	11,340			1.4	%		$	5,296,934			$	20,045			1.5	%
Non-Agency repurchase agreements		2,499,313				18,579				3.0	%		2,095,149				12,677				2.4	%
Securitized debt, collateralized by Non-Agency RMBS		357,422				5,610				6.3	%		550,634				8,171				5.9	%
Securitized debt, collateralized by jumbo prime residential mortgage loans		261,882				2,128				3.2	%		370,160				3,041				3.3	%
Securitized debt, collateralized by seasoned subprime residential mortgage loans		6,720,323				73,231				4.4	%		3,601,082				32,694				3.6	%
Total		$	13,038,695			$	110,888			3.4	%		$	11,913,959			$	76,628			2.6	%
Economic net interest income/net interest rate spread						$	149,975			3.5	%						$	125,271			3.2	%
Net interest-earning assets/net interest margin		$	1,983,694							4.0	%		$	1,969,850							3.6	%
Ratio of interest-earning assets to interest bearing liabilities		1.15											1.17
(1) Interest-earning assets at amortized cost
(2) Interest includes cash paid on swaps

The table below shows our Net Income, Economic Net Interest Income and Core Earnings, each as a percentage of average equity. Return on average equity is defined as our GAAP net income (loss) as a percentage of average equity. Average equity is defined as the average of Company’s beginning and ending equity balance for the period reported. Economic Net Interest Income is a non-GAAP financial measure, that equals interest income, less interest expense and realized losses on our interest rate swaps. Core Earnings is a non-GAAP measures as defined in previous section.

		Return on Average Equity			Economic Net Interest Income/Average Equity *			Core Earnings/Average Equity
		(Ratios have been annualized)
For the Year Ended December 31, 2016		18.42	%		18.59	%		15.18	%
For the Year Ended December 31, 2015		7.52	%		17.12	%		14.20	%
For the Year Ended December 31, 2014		16.99	%		14.06	%		12.70	%
For the Quarter Ended December 31, 2016		28.82	%		19.48	%		15.76	%
For the Quarter Ended September 30, 2016		23.04	%		20.18	%		17.14	%
For the Quarter Ended June 30, 2016		10.09	%		17.61	%		13.00	%
For the Quarter Ended March 31, 2016		11.34	%		17.28	%		14.95	%
* Includes effect of realized losses on interest rate swaps.

The following table presents changes to Accretable Discount (net of premiums) as it pertains to our Non-Agency RMBS portfolio, excluding premiums on IOs, during the previous five quarters.

		For the Quarters Ended
Accretable Discount (Net of Premiums)		December 31, 2016				September 30, 2016				June 30, 2016				March 31, 2016				December 31, 2015
		(dollars in thousands)
Balance, beginning of period		$	733,060			$	769,764			$	778,847			$	824,154			$	873,091
Accretion of discount		(44,427		)		(44,455		)		(42,297		)		(45,481		)		(43,520		)
Purchases		(33,987		)		8,959				(1,001		)		(11,102		)		1,845
Sales and deconsolidation		(2,138		)		(14,386		)		(20,590		)		—				(35,144		)
Transfers from/(to) credit reserve, net		31,140				13,178				54,805				11,276				27,882
Balance, end of period		$	683,648			$	733,060			$	769,764			$	778,847			$	824,154

Disclaimer

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our Annual Report on Form 10-K for the year ended December 31, 2015, and any subsequent Quarterly Reports on Form 10-Q, under the caption “Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: the state of credit markets and general economic conditions; changes in interest rates and the market value of our assets; the rates of default or decreased recovery on the mortgages underlying our target assets; the occurrence, extent and timing of credit losses within our portfolio; the credit risk in our underlying assets; declines in home prices; our ability to establish, adjust and maintain appropriate hedges for the risks in our portfolio; the availability and cost of our target assets; our ability to borrow to finance our assets and the associated costs; changes in the competitive landscape within our industry; our ability to manage various operational risks and costs associated with our business; interruptions in or impairments to our communications and information technology systems; our ability to acquire residential mortgage loans and successfully securitize the residential mortgage loans we acquire; our ability to oversee our third party sub-servicers; the impact of any deficiencies in the servicing or foreclosure practices of third parties and related delays in the foreclosure process; our exposure to legal and regulatory claims; legislative and regulatory actions affecting our business; the impact of new or modified government mortgage refinance or principal reduction programs; our ability to maintain our REIT qualification; and limitations imposed on our business due to our REIT status and our exempt status under the Investment Company Act of 1940.

Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

Readers are advised that the financial information in this press release is based on company data available at the time of this presentation and, in certain circumstances, may not have been audited by the company’s independent auditors.

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Chimera Investment Corporation
Investor Relations
866-315-9930
www.chimerareit.com

Source: Chimera Investment Corporation