Track market-moving stories before they get noisy

Chimera Investment Corporation offers four cumulative preferreds, each with distinct coupon structures and call features for yield-seeking investors. CIM-B currently provides the highest yield among the preferreds at 10.4%, likely due to its position in the call sequence and floating rate add-on. None of the preferreds offer official call protection, and CIM has no history of calling its preferreds, impacting yield and call risk assessments.

59% Increase in Inferred Resources 13% Increase in Indicated Resources Highlights of Latest Mineral Resource Estimate

5.06 million inferred ounces gold at 0.87 grams per tonne gold and 1.14 million indicated ounces gold at 0.95 grams per tonne gold using a long-term gold price of US$3,600/oz (see Table 1 and Note 1)Resource Sensitivities at US$4,600/oz gold yield 5.40 million inferred ounces at 0.85 grams per tonne gold and 1.20 million indicated ounces at 0.93 grams per tonne gold New Higher-Grade Gold resources defined at 826 ZoneDrilling continues; Environmental Baseline work continues TORONTO, Aug. 18, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (CSE: MLM) (OTCQB: MLMLF) (“McFarlane Lake” or the “Company” or “McFarlane”), a Canadian gold exploration and development company, is pleased to announce an updated Mineral Resource Estimate (“MRE”) on its Juby Gold project (or “Juby”) located approximately 15 kilometres (“km”) west of Gowganda, Ontario, and approximately 90 km west of Temiskaming Shores, Ontario.

This MRE has been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014) and follows the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (CIM, 2019). It is based on the review of existing geological data (drilling, assays, drill logs, etc.) and mineralization modelling. The MRE was independently prepared by Todd McCracken, P. Geo., of BBA E&C Inc., with technical staff primarily from their Sudbury, Ontario office. The full Technical Report, which is being prepared in accordance with NI 43-101, will be available on SEDAR+ (www.sedarplus.com) under the Company's issuer profile within 45 days of this news release.

Table 1 – Detailed Mineral Resource Estimate within pit shell + underground shapes
(OP = open pit, UG = underground, Mt = million tonnes, Moz = million ounces, Au = gold metal)

Resource ClassificationConstraintsCut-Off Grade
(Au g/t)Tonnage
(Mt)Grade
(Au g/t)Contained Metal
(Moz)IndicatedOP0.2536.470.931.09IndicatedUG1.600.692.360.05Total IndicatedOP/UG0.25/1.6037.170.951.14InferredOP0.25175.810.834.69InferredUG1.604.862.360.37Total InferredOP/UG0.25/1.60180.670.875.06       Note 1: Mineral Resource Statement Notes
1. CIM definition standards were followed for the resource estimate.
2. This Mineral Resource has an effective date of August 14, 2026.
3. The 2026 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized domains defined by wireframe solids.
4. Mineral resources are constrained within pit shells (OP) and Underground Shapes (UG).
5. Open pit cut-off of 0.25 g/t Au milled is based on the cost/tonne (USD$/t) milled for incremental mining, processing, and G&A.
6. Underground cut-off of 1.60 g/t Au milled is based on the cost/tonne (USD$/t) mined, milled, and G&A. 
7. The Au cut-off for OP and UG used for reporting is based on the following:
    a. Long-term gold price of US$3600/oz.
    b. Metallurgical recoveries are based on metallurgical testing recovery of 92%.
    c. Average bulk density (specific gravity) was determined for each lithology and/or mineralized domain within the deposit.
    d. Underground mining costs of USD$110/t, processing costs of USD$11.00/t, G&A costs of USD$4.00/t, and tailings cost of USD$2.00/t milled.
    e. Dilution of 5% for OP and 10% for UG.
    f. Overall Pit Slope angle of 47 degrees.
8. Mineral Resources that are not mineral reserves do not have economic viability. Numbers may not add due to rounding.
9. The resource estimate was prepared by Todd McCracken, P.Geo., of BBA E&C Inc. in accordance with National Instrument 43-101 standards of Disclosure for Mineral Projects.

The previous MRE (effective date September 29, 2025) used a base gold price of US$2,500/ounce and had calculated inferred resources of 3.17 million ounces of gold at a grade of 0.89 g/t gold and had indicated resources of 1.01 million ounces at a grade of 0.98 g/t gold. Approximately 13,000 metres of new exploration drilling was used in calculating the latest MRE, including the newly reported 826 Zone. This, combined with the higher long-term gold price of US$3,600/oz, has resulted in inferred resources increasing by 59% to 5.06 million ounces at 0.87 g/t gold and indicated resources increasing by 13% to 1.14 million ounces at 0.95 g/t gold (see Table 2 below for comparison).

At the 826 Zone, with only 2,200 metres of drilling, a new gold resource was established with a pit-constrained inferred mineral resource of 1.82 Mt at 1.29 g/t at a 0.25g/t gold cut-off. Thus far, this deposit area (826 Zone) has demonstrated a higher inferred gold grade than our other deposits (approximately 50% higher), as well, most of the mineralization is contained in a slowly dipping plunge all within 150 metres of surface. The 826 Zone will be a source of further exploration in 2026 and 2027.

“We are extremely happy with the significant increase in gold resources on the property, after only 7 months of drilling,” says Mark Trevisiol, CEO and Chairman of McFarlane Lake Mining, adding, “our drilling program has not only added resources to existing deposits but the new gold resource at our 826 Zone opens up the large southwestern area of our property where previously no gold resources were defined. Our exploration team has done an excellent job using all the exploration tools at their disposal, from historical drilling data, geological software modelling, to surface sampling, diamond drilling, and using the latest geophysical analytical tools to help guide the drilling campaign. There wasn’t a single diamond drill hole that didn’t intersect gold mineralization. This property is truly demonstrating its large-scale potential.”

Table 2 – Comparison of Recent MRE statements

Effective
Resource DateLong term Gold
Price (US$/oz)Inferred
ounces
(millions)Inferred
Grade g/t
GoldInferred
tonnes
(millions)Indicated
ounces
(millions)Indicated
tonnes
(millions)Indicated
Grade g/t
GoldOctober 7/2025$2,5003.170.89109.481.0131.740.98August 14/2026$3,6005.060.87180.671.1437.170.95         See note 1 for statement notes.

McFarlane would like to highlight that at higher gold prices there is a significant increase in gold resources. At a gold price of US$4,600/oz, the deposit holds 5.40 million inferred ounces at 0.85 grams per tonne gold and 1.20 million indicated ounces at 0.93 grams per tonne gold. Gold prices on the New York Comex exchange have averaged US$4,552/oz over the last six months.

In the coming weeks, McFarlane will share more details of the latest MRE, including sensitivities for both higher and lower gold prices compared to market, and sensitivities showing the higher-gold-grade areas of the deposit (>2 gpt gold).

Exploration Drilling is continuing on the property. The next phase of drilling will focus on both adding additional ounces and infill targets, which will be aimed at converting more of the inferred resources to indicated resources, aimed to increase the confidence level of gold resources.

Environmental baseline work is also continuing with monthly water sampling of both groundwater and surface water. Nineteen groundwater wells have been drilled on the property since December 2025. Further environmental field work is planned, including an archaeological study in which McFarlane has engaged all three First Nation communities which have territorial rights on the property and who are working with McFarlane in the selection of a consultant to perform the Archaeological study.

Qualified Person

The technical contents of this news release have been reviewed and approved by Todd McCracken, P.Geo., of BBA E&C Inc. Mr. McCracken is a qualified person, as defined by NI 43-101 and is independent of the Company. Mark Trevisiol, P.Eng. (ON), President and CEO of McFarlane Lake Mining and a Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in this news release.

About McFarlane Lake Mining Limited

McFarlane Lake is a gold exploration company focused on exploring and advancing the Juby Gold project near Gowganda, Ontario. The Juby Gold project has a (NI 43-101) inferred resource of 5.06 million ounces of gold at 0.87 gpt contained in 180.67 million tonnes and Indicated resources of 1.14 million ounces of gold at 0.95 gpt contained in 37.17 million tonnes, using a long-term gold price of US$3600/oz. These resources have an effective date of August 14, 2026. Sensitivities performed at higher gold prices - US$4,600/oz gold- the deposit holds 5.40 million inferred ounces at 0.85 gpt gold and 1.20 million indicated ounces at 0.93 gpt gold.

The full technical report on these resources will be issued within 45 days of the Company’s MRE announcement. The technical report will be issued by BBA E&C Inc., an independent organization from McFarlane Lake Mining. McFarlane is currently planning to perform exploration drilling on the Juby Gold Project as well as other study work to advance the development of the property.

In addition to the Juby Gold Project, McFarlane holds a portfolio of 100%-owned gold assets across Ontario, including the past-producing McMillan Gold Mine and Mongowin properties located approximately 70 km west of Sudbury and the Michaud/Munro properties located 115 km east of Timmins. McFarlane is a reporting issuer in Ontario, British Columbia, and Alberta.

Readers are cautioned to refer to the “Cautionary Note Regarding Forward-Looking Information” and all other disclaimers included in this news release for important information regarding the limitations and verification status of the data presented above and elsewhere herein.

Further Information
For further information regarding McFarlane Lake, please contact:

Bryan Baritot, Investor Relations
McFarlane Lake Mining Limited
[email protected]

Mark Trevisiol,
Chief Executive Officer, President and Director
McFarlane Lake Mining Limited
705 665 5087
[email protected]

To learn more, visit: https://mcfarlanelakemining.com/

Additional information on McFarlane Lake can be found by reviewing its profile on SEDAR+ at www.sedarplus.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk and Uncertainties” in the Company’s Management’s Discussion and Analysis dated as of April 23, 2026, which is available for view on SEDAR+ at www.sedarplus.com. Forward-looking statements contained herein are made as of the date of this press release, and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements, whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Cautionary Statement on Mineral Resources

This news release uses the terms indicated and inferred mineral resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The mineral resource estimates disclosed in this news release may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to an indicated or measured mineral resource category; however, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards on Mineral Resources and Mineral Reserves” incorporated by reference into NI 43-101. Under NI 43-101, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for preliminary economic assessments. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically.

Chimera Investment NYSE: CIM reported second-quarter 2026 earnings available for distribution, or EAD, of $39 million, or $0.46 per share, as the company continued to reposition its investment portfolio toward agency mortgage-backed securities and residential credit opportunities.

The quarterly EAD covered Chimera’s $0.45 per-share common dividend. GAAP net loss was approximately $4 million, reflecting a $13 million loss in the investment portfolio segment that was partly offset by $9 million of net income from residential origination.

Get Chimera Investment alerts:

Chief Executive Officer Phil Kardis said the company remained on track to produce at least $1.80 of EAD for the full year. Chimera generated $1.00 of EAD during the first half, including $0.54 per share in the first quarter and $0.46 in the second quarter. The first-quarter result included $0.07 per share of one-time benefits, while the second-quarter result was not materially affected by one-time items, according to Chief Financial Officer Subra Viswanathan.

Book Value Declines as Rates Rise Book value per share declined 3.2% during the quarter to $17.75, producing an economic return on GAAP book value of negative 0.8%, including the quarterly dividend. Annualized EAD return on average common equity was 10.35%.

During the question-and-answer session, Chief Investment Officer Jack Macdowell said the book-value decline was primarily driven by the company’s securitized loan portfolio during a period of higher interest rates. Chimera has roughly $8 billion of loans on its balance sheet against $5.5 billion of securitized debt, he said. The securitized debt is fixed-rate, term financing without mark-to-market provisions.

Macdowell said Chimera does not hedge the book-value exposure associated with those securitizations because rate-driven movements in asset and liability values do not materially affect the company’s earnings power or dividend-paying ability. He added that book value was down approximately 1.5% quarter to date at the time of the call amid another rise in rates.

Chimera ended the quarter with $656 million in total cash and unencumbered assets, compared with $675 million in the prior quarter. Total leverage was 5.6-to-1, while recourse leverage was 3.3-to-1. The company had $7.7 billion in consolidated secured financing outstanding.

Portfolio Shifts Toward Agency MBS and Residential Credit Chimera continued to reduce lower-yielding and legacy positions while adding agency MBS. During the quarter, the company closed $966 million of short TBA positions and sold non-core legacy CMBS interest-only and HECM holdings, along with portions of its CMO exposure. The sales represented $575 million of notional value and generated $19 million of capital for reinvestment.

The company purchased and settled $967 million of agency pass-through securities, concentrating on coupons ranging from 5.5% to 6.5%. Agency MBS represented 26% of invested capital at quarter-end, up five percentage points from the prior quarter, while legacy residential credit fell four percentage points to 61% of invested capital.

Chimera also completed two re-securitizations backed by $487 million of loans. The transactions released approximately $13 million of capital and improved financing efficiency, Macdowell said.

Credit performance tracked management’s expectations. Delinquencies in the legacy re-performing loan portfolio declined to 8.8% from 9.1% in the first quarter, while delinquencies in the investor debt-service-coverage-ratio loan portfolio fell to 4.7% from 6.1%. Jumbo loan delinquencies remained stable.

Looking ahead, management said it plans to expand its residential whole-loan credit activities by retaining loans originated through HomeXpress Mortgage, purchasing loans from third parties and securitizing those assets. Chimera has identified and retained $301 million of loans for its first HomeXpress securitization, which remains planned for the third quarter. It also retained additional loans for a second HomeXpress securitization and committed to purchase third-party loans for another non-QM transaction expected in the second half.

Macdowell said Chimera will decide nearer to each securitization whether to retain the credit portion of the capital structure for longer-term earnings or distribute the full structure and recognize a gain on sale.

HomeXpress Originations Reach Record Level HomeXpress Mortgage funded a record $1.1 billion of loans in the second quarter, up 30% from a year earlier and 24% from the first quarter. The residential origination business generated $11.8 million of EBITDA, according to Chimera.

HomeXpress President and CEO Kyle Walker said June production reached a monthly record of $420 million. Growth was supported by broad demand across core products and increased activity in the non-delegated correspondent channel, which accounted for 13% of production.

Net origination margin rose 10 basis points sequentially to 124 basis points, although it remained slightly below the level recorded in the second quarter of 2025 because of greater competition and tighter pricing. Walker said the company is focused on maintaining underwriting discipline, improving operational efficiency and controlling origination costs as production grows.

Average loan size rose to more than $455,000 from $410,000 in the first quarter, aided by a growing share of consumer loans. HomeXpress increased warehouse capacity to $1.65 billion in July from $1.5 billion and said it was evaluating further capacity additions. The company serves more than 6,350 brokers through 145 account executives and related sales staff.

Walker said HomeXpress remains on track to exceed its $4 billion loan-origination target for 2026, barring market events. Kardis said Chimera expects ongoing political, geopolitical and market uncertainty but plans to continue diversifying the portfolio, increasing originations, building fee-based income and pursuing acquisitions opportunistically.

About Chimera Investment (NYSE:CIM)Chimera Investment Corporation NYSE: CIM is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company's portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm's core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Chimera Investment Right Now?Before you consider Chimera Investment, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chimera Investment wasn't on the list.

While Chimera Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation (“Chimera”) announced the declaration of its third quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2026 to preferred shareholders of record on September 1, 2026. The ex-dividend date is September 1, 2026. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.6111 per share o.

Posted by Defense World Staff on Jul 27th, 2026

Caxton Associates LLP lessened its position in Chimera Investment Corporation (NYSE:CIM – Free Report) by 43.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,068 shares of the real estate investment trust’s stock after selling 52,762 shares during the quarter. Caxton Associates LLP owned approximately 0.08% of Chimera Investment worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Chimera Investment by 864.7% in the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,862 shares during the period. IFP Advisors Inc boosted its holdings in shares of Chimera Investment by 1,211.4% during the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 5,742 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Chimera Investment by 92.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Chimera Investment in the 4th quarter worth about $105,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,857 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In CIM has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of Chimera Investment in a research report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.75.

Check Out Our Latest Report on CIM

Chimera Investment Price Performance Shares of NYSE:CIM opened at $12.48 on Monday. Chimera Investment Corporation has a 1-year low of $11.67 and a 1-year high of $14.88. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. The business has a fifty day moving average price of $13.20 and a 200-day moving average price of $13.19. The company has a market capitalization of $1.04 billion, a PE ratio of -15.61 and a beta of 1.67.

Chimera Investment (NYSE:CIM – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The firm had revenue of $32.37 million during the quarter, compared to analyst estimates of $102.35 million.

Chimera Investment Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.4%. The ex-dividend date is Tuesday, June 30th. Chimera Investment’s dividend payout ratio is currently -225.00%.

Chimera Investment Profile (Free Report)

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.

Recommended Stories Five stocks we like better than Chimera Investment RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit

Receive News & Ratings for Chimera Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECaxton Associates LLP Purchases Shares of 19,642 PBF Energy Inc. $PBF

NEXT HEADLINE »Caxton Associates LLP Acquires 10,862 Shares of Robinhood Markets, Inc. $HOOD

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) announced today that it will release financial results for the second quarter ended June 30, 2026, before the market opens on Wednesday, August 5, 2026. The company will host a conference call and live webcast to discuss the results at 8:30 A.M. ET the same day. Conference Call Details U.S. Toll Free: (866) 604-1613 International: (201) 689-7810 Webcast: https://www.chimerareit.com/news-events/ir-calendar Replay Information U.

MIAMI, June 17, 2026 (GLOBE NEWSWIRE) -- Karta, a U.S.-issued credit card designed for global travelers with a 24/7 AI concierge service, today announced a fundraise of $140 million, including a $15 million Series A and a $125 million credit facility. The Series A round was led by Galaxy Ventures, with participation from new investors such as Illuminate and existing investors such as Canary and Clocktower Ventures. The $125M debt facility was provided by CIM. This milestone comes at a time when Karta is experiencing explosive growth, scaling its total payment volumes and revenue by 4x quarter-over-quarter.

Many international travelers have established credit histories in their home countries, but are credit-invisible in the United States (US). They are stuck navigating purchases with debit cards, prepaid cards, or local credit cards that impose costly FX fees the moment they travel. Despite these travelers having assets, they lack access to meaningful credit lines, premium benefits, and financial recognition in the U.S.

Karta is the premium credit card built to solve this for international travelers to the US, and is offered through more than 80 private banks and wealth managers. Approval for a Karta card takes minutes with no SSN or ITIN required, and offers credit lines up to $200,000. The Karta card provides the benefits of a Visa premium card including zero FX fees, points, and access to invite-only events.

Karta also boasts a 24/7 AI concierge based on WhatsApp. It browses, calls, and emails, and can generate one-time virtual cards to make purchases on a customer’s behalf including hard-to-access hotel and restaurant reservations. As an example, Karta’s concierge can call airlines directly to change flights, dispute a charge, reschedule a reservation, and manage payment. Karta handles it end-to-end, with real-time notifications on every purchase and refund.

The new capital in this round will fuel Karta's product roadmap on three fronts: to launch an elevated tier card for the most demanding clients, to introduce a corporate card and payment platform, and to continue reinventing the global travel concierge experience.

Karta is led by founders Freddy Juez and Orlando Espinoza. Freddy previously ran a payroll lending fintech in his native Ecuador, extending credit to hundreds of thousands of clients and managing millions in AUM. Orlando, a YC-backed founder, previously built and sold a last-mile logistics company while still in his early twenties.

They hired Fernando Dalceggio, the former head of acquisition and new business development from AMEX International Dollar Cards (IDC), to help build Karta. Dalceggio worked for AMEX IDC for nearly 25 years, managing multinational, multicultural teams providing high-impact service portfolios to a diverse customer base.

“In the last several months, we’ve seen explosive growth,” said Freddy Juez. “We set out to build the ultimate tech-forward credit card for the global traveler, and are thrilled to see the rapid increase in private banks working with us to offer this card to clients. We also appreciate the support of our partners and investors who will help Karta expand our reach and AI offering that makes travel and spending convenient and frictionless for users.”

“Karta’s unique product offering has quickly earned the trust of dozens of the world’s largest financial institutions,” said Mike Giampapa, General Partner of Galaxy Ventures. “The company has built an efficient distribution model targeting a high-value and engaged customer base, a combination that creates the foundation for a strong business.”

About Karta
Karta is a U.S.-issued credit card designed for global travelers. By leveraging its 80+ partner banks for distribution, Karta gets access to customers across LatAm, Europe and Asia. The company delivers a concierge-led experience supported by 24/7 multilingual service via WhatsApp, combining technology and personalized support to serve an international clientele with cross-border lifestyles. Headquartered in Miami with operations in São Paulo, Brazil, Karta is backed by Galaxy Ventures, Illuminate, Canary, Clocktower, and FJ Labs. For more information, visit www.conkarta.com.

About Galaxy Ventures
Galaxy Ventures is the venture capital arm of Galaxy Digital (Nasdaq: GLXY), a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Galaxy Ventures invests at the convergence of blockchains and financial services, backing founders building the infrastructure that works to define the next era of finance. Actively investing since 2018, Galaxy Ventures offers portfolio companies access to Galaxy Digital's institutional relationships, capital markets capabilities, and hands-on platform support to accelerate growth from seed through scale. Galaxy Ventures has backed 100+ portfolio companies since inception including Fireblocks, Rain, RedotPay, Mesh, Ethena, and Superstate. For the full list of portfolio companies and more information, visit ventures.galaxy.com.

About CIM
Community Investment Management (CIM) is a global institutional investment manager providing strategic debt capital to scale responsible innovation in lending. As part of its investment mandate, CIM partners with fintechs to address credit gaps in the US and emerging markets. For more information, visit https://cim-llc.com.

Media contact:
Kerry Metzdorf
Big Swing
978-463-2575
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13ca0acf-89bb-48f8-a4ea-21e8dcc451ae

Karta Raises $140M led by Galaxy Ventures and Community Investment Management LLC (“CIM”) to Bring U... Karta founders Orlando Espinoza and Freddy Juez

DALLAS--(BUSINESS WIRE)--CIM Group announced today that it has sold Best Buy Plaza, an approximately 177,434-square-foot retail shopping center located at 9358 N. Central Expressway in North Dallas.

CIM Group acquired Best Buy Plaza in 2016. Situated on a 14.61-acre site approximately seven miles north of the Dallas Central Business District, Best Buy Plaza was constructed in 1995 and benefits from a prominent location along the heavily trafficked North Central Expressway. The center serves several highly regarded residential communities including Highland Park, University Park and Preston Hollow.

During its ownership, CIM Group invested in the ongoing maintenance and enhancement of the property through a program of capital improvements supported by CIM’s property management and marketing teams. The shopping center is 100% leased and anchored by Best Buy, with additional tenants including Dick’s Sporting Goods, Total Wine, Cavender’s and Hyper Kidz.

CIM Group was represented by JLL in the transaction.

For over 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

CIM-C (CIM.PR.C) preferred shares offer an 11.05% stripped yield and compelling value after recent underperformance versus peers. Recent volatility in CIM-C is atypical, creating a near-term opportunity for yield-focused investors seeking less price risk than common shares. CIM-C's relative valuation gap and higher yield suggest potential for outperformance as prices revert to the mean.

Fixed-Income Foundation: Build your financial fortress with preferreds like Virtus InfraCap US Preferred Stock ETF and maturity ladders for predictable, recurring cash flow. Agency mREITs like Annaly Capital Management, Inc. are historically countercyclical, often raising dividends when the broader economy falters. Tangible Value: Focus on infrastructure and REITs that own essential assets and generate hard cash.

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) announced today that it will release financial results for the first quarter ended March 31, 2026 before the market opens on Thursday, May 7, 2026.

The company will host a conference call and live webcast to discuss the results at 8:30 a.m. ET the same day.

Conference Call Details
U.S. Toll Free: (866) 604-1613
International: (201) 689-7810
Webcast: https://www.chimerareit.com/news-events/ir-calendar

Replay Information
U.S. Toll Free: (877) 660-6853
International: (201) 612-7415
Conference ID: 13759190
A replay of the call will be available for a limited time and can be accessed via the dial-in numbers above or through the webcast archive on the company’s website.

If you would like to receive future announcements and updates, please visit www.chimerareit.com, select News & Events, and subscribe to email alerts.

About Chimera Investment Corporation

Chimera is a diversified real estate company that invests in, originates, and manages primarily residential real estate assets. The assets we may invest in and manage, through our wholly-owned subsidiary Palisades Advisory Services, LLC, for others include residential mortgage loans, Non-Agency RMBS, Agency RMBS, BPLs (including RTLs) and investor loans, MSRs and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp., we originate non-QM residential mortgage loans (both consumer and business purpose) as well as QM residential mortgage loans. Chimera was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust, or REIT, for U.S. federal income tax purposes.

Please visit www.chimerareit.com for additional information about the Company.

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) today announced its financial results for the first quarter ended March 31, 2026. Executive Summary: Metric Value Q1 2026 GAAP Net Income (Loss) $(65) million, or $(0.78) per diluted common share Earnings Available for Distribution (1) $46 million, or $0.54 per diluted common share GAAP Book Value per common share $18.34 per common share Economic Return (2) (4.6)%     (1) Earnings available for distribution per adjusted dilut.

3 hours ago

MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in StockMarketBeat

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CFO Julie Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE:MSA

Read MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in Stock

3 hours ago

Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of StockMarketBeat

NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Heidi Hoeller sold 2,100 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the transaction, the director owned 11,560 shares of the company's stock, valued at approximately $555,226.80. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:NBTB

Read Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of Stock

3 hours ago

Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) StockMarketBeat

IGM Financial Inc. (TSE:IGM - Get Free Report) Director Douglas Milne sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the sale, the director directly owned 800 shares in the company, valued at C$64,488. The trade was a 66.67% decrease in their ownership of the stock.

TSE:IGM

Read Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) Stock

3 hours ago

GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 SharesMarketBeat

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total value of $210,476.00. Following the transaction, the insider owned 6,695 shares in the company, valued at $503,263.15. This trade represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NASDAQ:GFS

Read GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 Shares

Sort By

Time Frame

Alert Type

Keywords

Page 1 of 325

Chimera Investment Corporation offers a diversified mortgage REIT portfolio with $16B in assets and a $1.09B market cap. CIM's capital structure features a recourse leverage ratio of 2.9x and total leverage of 5.2x, with strong baby bond and preferred stock buffers. CIM instruments appeal to yield-seeking investors, balancing high current income with moderate risk, though leverage and rate sensitivity warrant monitoring.

ATLANTA--(BUSINESS WIRE)--CIM Group and Centennial Yards Company announced today that award-winning pizzeria Varuni Napoli will be the latest restaurant to join the Entertainment District at Centennial Yards, the $5 billion, 50-acre mixed-use redevelopment transforming Downtown Atlanta.

"Chef Luca Varuni’s passion for authentic cooking and his ability to create a welcoming, high-energy environment make Varuni Napoli a natural fit for our vision."

Share Founded by Naples native Chef Luca Varuni, the acclaimed Atlanta-based pizzeria is known for its Neapolitan pies crafted with premium ingredients and time-honored techniques. Varuni Napoli debuted its flagship Midtown location in 2014, followed by a second outpost at Krog Street Market in 2017, and a third location will be open this coming July in Dunwoody, building a devoted following through its commitment to authentic cooking and quality.

Marking its first Downtown Atlanta location, Varuni Napoli will extend its legacy at Centennial Yards with signature 900-degree wood-fired ovens and an unwavering dedication to traditional craftsmanship. Renowned for delivering a true taste of Naples through handcrafted pizzas and an immersive dining experience, its arrival represents an exciting addition to the district—further elevating Centennial Yards as a premier destination for dining, retail, and hospitality in the heart of the city.

“Varuni Napoli is more than just a pizzeria—it’s a celebration of Italian culture and community,” said Brian McGowan, President of Centennial Yards Company. “Chef Luca Varuni’s passion for authentic cooking and his ability to create a welcoming, high-energy environment make Varuni Napoli a natural fit for our vision. As we thoughtfully curate a dynamic mix of culinary offerings, its commitment to tradition and quality makes it an exceptional addition to the diverse dining experiences we’re building at Centennial Yards.”

“Bringing the spirit of Naples to the heart of Downtown Atlanta at Centennial Yards is an exciting opportunity. I love the vision and high energy of this project, and I believe it will work great with the high energy we are known for,” said Chef Luca Varuni, founder of Varuni Napoli. “Our mission has always been to share our culture and authentic flavors and hospitality of my home with Atlanta. We look forward to being part of this historic redevelopment and creating new memories for residents and visitors alike.”

The Downtown menu will feature fan favorites such as the Bastardo, topped with fresh mozzarella and spicy nduja, and the Oro Bianco, featuring black truffle oil and buffalo ricotta, alongside artisanal salads, Italian appetizers like arancini and burrata and a curated selection of Italian wines and craft beers.

Varuni Napoli joins a growing roster of local icons, including The Busy Bee Café, Chops Lobster Bar, and Khao Thai Isan, further diversifying the culinary scene at Centennial Yards. The Entertainment District is rapidly gaining momentum with Cosm, Shake Shack, and The Irish Exit all slated to open in 2026. In 2027, the 5,300-seat Live Nation music venue and a 261-key Virgin Hotels, will add to the Entertainment District’s offering. The 7.5-acre Entertainment District sits within the broader 50-acre Centennial Yards development, which is revitalizing underutilized land in the heart of Downtown Atlanta into a dynamic destination for dining, retail and hospitality.

“Varuni Napoli brings the authentic spirit and tradition of Neapolitan cuisine to Centennial Yards,” said Shaul Kuba, Co-Founder and Principal, CIM Group. “We’re excited to introduce a taste of Italy in the heart of downtown, just steps from Atlanta’s major sports venues, while continuing to curate a welcoming district that reflects the energy and diversity of the city.”

Centennial Yards Company was created by CIM Group to act as the owner and master developer of Centennial Yards. As one of the largest and most ambitious city-center developments in the country, Centennial Yards connects surrounding communities and creates several new city blocks at the junction of the rail lines where the city was founded.

To learn more about Centennial Yards, visit centennialyards.com

ABOUT CENTENNIAL YARDS

Centennial Yards is a $5 billion transformational mixed-use development in Atlanta, the Southeast’s biggest and most influential market. As one of the largest city-center developments in the country, it is revitalizing 50 acres of underutilized land into 8 million square feet of world-class commercial, residential, and retail space, creating a vibrant public realm at the junction where the city was founded. For more information, visit www.centennialyards.com.

ABOUT CIM GROUP

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. For more information, visit www.cimgroup.com.