Chimera Investment's Series B Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Wednesday, shares of Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM. RB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $23.50 on the day.
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