Notes

Chimera Investment Corporation (CIM), a real estate investment trust (REIT), invests in residential mortgage loans, residential mortgage backed securities, real estate related securities, and various other asset classes in the United States.

26OCT08 - $2.62

The company is issuing 110 million shares for $247 million.

As of SEP 30 book value was $6.15/share, and there were 39 million shares. So, book value was $239 million.

After the new shares are issued there will be 149 million shares, and a book value of $486 million. That gives it a book value of $3.26/share.

So it is now has a PB ratio around 0.75

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