March 29, 2024

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Chimera Investment Company Announces Retirement of Unbiased Directors

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NEW YORK–(Enterprise WIRE)–Chimera Expenditure Corporation (NYSE: CIM) (the “Organization”) announced right now that on March 31, 2021, Dennis Mahoney, an unbiased member of the Board of Directors (the “Board”) of the Corporation due to the fact April 2010, notified the Organization that he will not stand for re-election at the Company’s 2021 Yearly Meeting of Shareholders, and that Paul Donlin, an impartial member of the Board of the Enterprise given that November 2007, notified the Corporation that he will retire from the Board on the day of the Company’s 2021 Once-a-year Meeting of Shareholders. Their respective conditions will conclude on the day of the Company’s 2021 Once-a-year Conference Day.

“The Enterprise many thanks Mr. Donlin and Mr. Mahoney for their a lot of several years of assistance. Mr. Donlin was there at our founding as Chairman of the Board and Chairman of our Nominating/Corporate Governance Committee and served in these roles with difference for more than 13 decades. His management was instrumental to the Company’s results and he shepherded the Enterprise by difficult periods as nicely,” suggests Gerry Creagh, the Company’s Chairman of the Board. Mr. Creagh further explained that “Mr. Mahoney has also been a crucial component of our success getting served as Chairman of our Audit Committee for much more than nine years. We are sad to see them go and desire them the ideal.”

About Chimera Expense Corporation

We are a publicly traded REIT that is primarily engaged in the enterprise of investing in a diversified portfolio of serious estate property, which include mortgage financial loans, Company RMBS, Non-Company RMBS, Agency CMBS, and other true estate assets.

You should visit www.chimerareit.com for supplemental facts about the Firm.

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