PRESS RELEASE

NYSE: CIM 

CHIMERA INVESTMENT CORPORATION

520 Madison Avenue

New York, New York 10022

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Investor Relations

888-895-6557

www.chimerareit.com

FOR IMMEDIATE RELEASE

CHIMERA DECLARES THIRD QUARTER 2020 COMMON STOCK DIVIDEND

BOARD DECLARES THIRD QUARTER 2020 DIVIDEND OF $0.30 PER SHARE OF COMMON STOCK

The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.30 per common share. The dividend is payable October 29, 2020 to common stockholders of record on September 29, 2020. The ex-dividend date is September 28, 2020.