Chimera Investment (CIM) Announces 1:3 Reverse Share Split

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Go back to Chimera Investment (CIM) Announces 1:3 Reverse Share Split

Chimera Investment Corporation Announces 1-for-3 Reverse Stock Split

May 10, 2024 4:15 PM EDT

NEW YORK--(BUSINESS WIRE)-- Chimera Investment Corporation (NYSE: CIM) (the Company or Chimera) announced today that its Board of Directors has unanimously approved a reverse stock split of the Companys common stock at a ratio of 1-for-3.

1-for-3 Reverse Stock Split

The reverse stock split is expected to take effect following the close of business on May 21, 2024 (the Effective Time). Accordingly, at the Effective Time, every three issued and outstanding shares of the Companys common stock will be converted into one share of the Companys common stock. The Companys... More