Chimera Investment Corporation Reports Core
EPS for the 2nd Quarter 2010 of $0.19 Per Share
August 02, 2010 04:08 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Chimera Investment Corporation (NYSE: CIM) today reported
Core Earnings for the quarter ended June 30, 2010, of $142.8 million or $0.19 per average share as compared to
Core Earnings for the quarter ended June 30, 2009, of $48.9 million or $0.10 per average share and Core Earnings
for the quarter ended March 31, 2010, of $127.9 million or $0.19 per average share. “Core Earnings” is a non-
GAAP measure that approximates distributable income, and is defined as GAAP net income (loss) excluding non-
cash equity compensation expense, unrealized gains and losses, realized gains and losses on sales and other items
that do not affect realized net income, regardless of whether such items are included in other comprehensive income
or loss, or in net income. The Company reported GAAP net income of $124.6 million or $0.16 per average share
for the quarter ended June 30, 2010, as compared to GAAP net income of $51.6 million or $0.10 per average
share for the quarter ended June 30, 2009, and GAAP net income of $125.6 million or $0.19 per average share for
the quarter ended March 31, 2010.
During the quarter ended June 30, 2010, the Company had no sales of residential mortgage-backed securities
(“RMBS”). The Company sold RMBS with a carrying value of $75.3 million for realized gains of $9.3 million during
the quarter ended June 30, 2009. During the quarter ended March 31, 2010, the Company sold RMBS with a
carrying value of $89.6 million for net realized gains of $342 thousand.
During the quarter ended June 30, 2010, the Company financed on a permanent non-recourse basis $627.9 million
of AAA-rated fixed rate bonds for net proceeds of $629.2 million in re-securitization transactions which were
accounted for as financings. During the quarter ended June 30, 2009, the Company did not execute any re-
securitization transactions.