CIMN: CHIMERA INVESTMENT CORP 9% Baby Bond
CHIMERA INVESTMENT CORP's CIMN is an exchange-traded baby bond in the REIT - Diversified sector.
At a recent price of $25.02, CIMN yields 8.99% on its $25 liquidation preference and 9% coupon.
It trades at a premium of 0.1% to par.
The issue is perpetual (no stated maturity), callable on or after 2026-05-15.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.