The Board of Directors of Chimera Investment Corp. has declared a special common stock cash dividend of $0.20 per common share. In a release on December 19 , the Company noted that this special dividend is payable January 31, 2014 , to common shareholders of record on January 8, 2014 . The ex-dividend date is January 6, 2014 . The special dividend may constitute a return of capital for federal tax purposes. Taxable income and the ultimate composition of the dividend between income and return of capital are calculated on a cumulative basis and will change over the course of the year. The character and composition of the dividend will not be finalized until the Company files its 2014 tax return in 2015. Matthew Lambiase , the Chief Executive Officer and President of Chimera, said: "2013 was a challenging year for leveraged mortgage investors and Chimera's investment team worked hard to protect the Company's book value. By operating at low leverage and by avoiding new issue loan securitizations as credit spreads widened, our book value held up better than most in the turbulent market. Chimera's management and Board of Directors believe that the best use of the Company's liquidity at this time is to return a portion to shareholders in a special dividend. Chimera continues to be positioned defensively and has ample liquidity to take advantage of opportunities that may arise in the potentially tumultuous bond market ahead." The Company said that it continues to work diligently to complete the ongoing work towards becoming current on all of its filings required under applicable securities laws. The Company will file its Annual Report on Form 10-K for the year ended December 31, 2012 , and all other required filings as soon as practicable. Chimera Investment Corp. invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. ((Comments on this story may be sent to firstname.lastname@example.org ))
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