Chimera Announces Revised Record Date and Ex-Dividend Date for First Quarter 2018 Common Stock Cash Dividend – Payment Amount and Payable Date Unchanged

NEW YORK–(BUSINESS WIRE)–Chimera Investment Corporation, Inc. (NYSE:CIM) today announced that it
revised the previously announced record date for the first quarter
dividend of $0.50 per common share from March 30, 2018 to March 29,
2018. The Company also revised the ex-dividend date from the previously
announced date of March 29, 2018 to March 28, 2018. The dividend remains
payable on April 30, 2018

Other Information

Chimera Investment Corporation is a publicly traded real estate
investment trust, or REIT, that is primarily engaged in real estate
finance. We were incorporated in Maryland on June 01, 2007 and commenced
operations on November 21, 2007. We invest, either directly or
indirectly through our subsidiaries, in RMBS, residential mortgage
loans, Agency CMBS, commercial mortgage loans, real estate-related
securities and various other asset classes. We have elected and believe
that we are organized and operate in a manner that enables us to be
taxed as a REIT under the Internal Revenue Code of 1986, as amended, or
the Code.

Please visit www.chimerareit.com
and click on Investor Relations for additional information about us.

Disclaimer

This press release includes “forward-looking statements” within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Actual results may differ from
expectations, estimates and projections and, consequently, readers
should not rely on these forward-looking statements as predictions of
future events. Words such as “expect,” “target,” “assume,” “estimate,”
“project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believe,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements involve
significant risks and uncertainties that could cause actual results to
differ materially from expected results, including, among other things,
those described in our most recent Annual Report on Form 10-K, and any
subsequent Quarterly Reports on Form 10-Q, under the caption “Risk
Factors.” Factors that could cause actual results to differ include, but
are not limited to: the state of credit markets and general economic
conditions; changes in interest rates and the market value of our
assets; the rates of default or decreased recovery on the mortgages
underlying our target assets; the occurrence, extent and timing of
credit losses within our portfolio; the credit risk in our underlying
assets; declines in home prices; our ability to establish, adjust and
maintain appropriate hedges for the risks in our portfolio; the
availability and cost of our target assets; our ability to borrow to
finance our assets and the associated costs; changes in the competitive
landscape within our industry; our ability to manage various operational
risks and costs associated with our business; interruptions in or
impairments to our communications and information technology systems;
our ability to acquire residential mortgage loans and successfully
securitize the residential mortgage loans we acquire; our ability to
oversee our third party sub-servicers; the impact of any deficiencies in
the servicing or foreclosure practices of third parties and related
delays in the foreclosure process; our exposure to legal and regulatory
claims; legislative and regulatory actions affecting our business; the
impact of new or modified government mortgage refinance or principal
reduction programs; our ability to maintain our REIT qualification; and
limitations imposed on our business due to our REIT status and our
exempt status under the Investment Company Act of 1940.

Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Chimera does not undertake or accept any obligation to release publicly
any updates or revisions to any forward-looking statement to reflect any
change in its expectations or any change in events, conditions or
circumstances on which any such statement is based. Additional
information concerning these and other risk factors is contained in
Chimera’s most recent filings with the Securities and Exchange
Commission (SEC). All subsequent written and oral forward-looking
statements concerning Chimera or matters attributable to Chimera or any
person acting on its behalf are expressly qualified in their entirety by
the cautionary statements above.

Readers are advised that the financial information in this press release
is based on company data available at the time of this presentation and,
in certain circumstances, may not have been audited by the company’s
independent auditors.

Contacts

Investor Relations
888-895-6557
www.chimerareit.com