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Chimera Investment Corporation (CIM) operates as a U.S.-based real estate investment trust (REIT), having elected to be taxed under this specific structure. Through its various subsidiaries, the company primarily focuses on building a diverse portfolio of mortgage-related assets. This encompasses holdings such as residential mortgage loans, both agency-backed and non-agency residential mortgage-backed securities (RMBS), and agency mortgage-backed securities (MBS) that are collateralized by pools of both residential and commercial mortgage loans. Additionally, CIM invests in other financial…
Chimera Investment Corporation offers four cumulative preferreds, each with distinct coupon structures and call features for yield-seeking investors. CIM-B currently provides the highest yield among the preferreds at 10.4%, likely due to its position in the call sequence and floating rate add-on. None of the preferreds offer official call protection, and CIM has no history of calling its preferreds, impacting yield and call risk assessments.
Chimera Investment Corporation (CIM) preferred share CIM-A is significantly overpriced, trading at 110.7% of the buy target despite a 9.27% stripped yield. CIM-B offers superior value with a 10.24% stripped yield, trading near its buy target and providing better income for similar risk. The fixed-rate feature of CIM-A is not worth the current premium, especially with alternative fixed-rate securities available at more attractive valuations.
59% Increase in Inferred Resources 13% Increase in Indicated Resources Highlights of Latest Mineral Resource Estimate 5.06 million inferred ounces gold at 0.87 grams per tonne gold and 1.14 million indicated ounces gold at 0.95 grams per tonne gold using a long-term gold price of US$3,600/oz (see Table 1 and Note 1) Resource Sensitivities at US$4,600/oz gold yield 5.40 million inferred ounces at 0.85 grams per tonne gold and 1.20 million indicated ounces at 0.93 grams per tonne gold New Higher-Grade Gold resources defined at 826 Zone Drilling continues; Environmental Baseline work continues TORONTO, Aug. 18, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (CSE: MLM) (OTCQB: MLMLF) (“McFarlane Lake” or the “Company” or “McFarlane”), a Canadian gold exploration and development company, is pleased to announce an updated Mineral Resource Estimate (“MRE”) on its Juby Gold project (or “Juby”) located approximately 15 kilometres (“km”) west of Gowganda, Ontario, and approximately 90 km west of Temiskaming Shores, Ontario. This MRE has been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014) and follows the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (CIM, 2019).
Chimera Investment Corporation trades at a large 32% discount to book value, offering a compelling entry for high-yield investors. CIM increased its dividend by 22% in Q1'26, fully supported by earnings available for distribution with a 102% coverage ratio in Q2. Despite strong dividend and portfolio growth, CIM's book value discount persists due to market skepticism about near-term rate cuts.
Chimera Investment NYSE: CIM reported second-quarter 2026 earnings available for distribution, or EAD, of $39 million, or $0.46 per share, as the company continued to reposition its investment portfolio toward agency mortgage-backed securities and residential credit opportunities.