Chimera Investment Corporation Reports Core EPS of $0.16

Chimera Investment Corporation CIM today reported Core Earnings for the quarter ended September 30, 2010, of $139.0 million or $0.16 per average share as compared to Core Earnings for the quarter ended September 30, 2009, of $85.9 million or $0.13 per average share and Core Earnings for the quarter ended June 30, 2010, of $142.8 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 $126.4 million or $0.14 per average share for the quarter ended September 30, 2010, as compared to GAAP net income of $158.0 million or $0.24 per average share for the quarter ended September 30, 2009, and GAAP net income of $124.6 million or $0.16 per average share for the quarter ended June 30, 2010.