June 25, 2021

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Mortgage News

Chimera Appoints New Board Member Kevin G. Chavers

NEW YORK–() – Chimera Investment Corporation, Inc. (NYSE: CIM) (the “Company”) today announced that Kevin G. Chavers has been appointed to the company’s board of directors. Mr. Chavers will chair the Compensation Committee and the Risk Committee of the Company’s Board of Directors.

Mr. Chavers has over 34 years of experience in various roles in the real estate finance and mortgage industries. He served as BlackRock’s Managing Director on the Global Fixed Income and Securitized Asset Investment Team until April 2021, focusing on residential real estate-related assets including RMBS, Whole Loans and MSRs. Mr. Chavers has also served on the executive team of the BlackRock Impact Opportunity Fund, the Global Public Policy Group, and the BlackRock Solutions, Financial Markets Advisory Group. Prior to joining BlackRock, Mr. Chavers was Managing Director of Morgan Stanley from 2003 to 2011 and Vice President of Goldman Sachs from 1998 to 2003. Mr. Chavers also served in various government agencies including President of Ginnie Mae from 1995 to 1998.

Mr. Chavers currently serves on the board of directors of SMBC Americas Holdings, Inc. In addition, Mr. Chavers serves on the boards of various nonprofit organizations including Enterprise Community Partners, University of Virginia Foundation, Upper Manhattan Empowerment Zone, and Bedford Stuyvesant Restoration Corporation. Mr. Chavers earned a JD from Harvard Law School and a bachelor’s degree from the University of Virginia.

“We are excited to have Kevin on our board,” said Gerry Creagh, Chairman of the Board of Directors. “Kevin has extensive expertise in the real estate finance and mortgage industries and we believe Chimera will benefit greatly from his experience and perspective.”

About Chimera Investment Corporation

We are a publicly traded REIT investing primarily on a leveraged basis in a diversified real estate portfolio including mortgage loans, non-agency RMBS, Agency CMBS, Agency RMBS and other real estate investments.

Please visit www.chimerareit.com for more information about the company.