Chimera Investment Corporation Announces 2nd Quarter 2011 Dividend of $0.13 per Share

The Board of Directors of Chimera Investment Corporation CIM declared the second quarter 2011 common stock cash dividend of $0.13 per common share. This dividend is payable July 28, 2011 to common shareholders of record on June 30, 2011. The ex-dividend date is June 28, 2011. The Company distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will typically differ due to items such as differences in premium amortization, accretion of discounts, unrealized and realized gains and losses, credit loss recognition, and non-deductible general and administrative expenses.