NEW YORK–(BUSINESS WIRE)–Chimera Funding Company (NYSE: CIM) (the “Firm”) introduced immediately that on March 31, 2021, Dennis Mahoney, an impartial member of the Board of Administrators (the “Board”) of the Firm since April 2010, notified the Firm that he won’t stand for re-election on the Firm’s 2021 Annual Assembly of Shareholders, and that Paul Donlin, an impartial member of the Board of the Firm since November 2007, notified the Firm that he’ll retire from the Board on the date of the Firm’s 2021 Annual Assembly of Shareholders. Their respective phrases will finish on the day of the Firm’s 2021 Annual Assembly Date.
“The Firm thanks Mr. Donlin and Mr. Mahoney for his or her a few years of service. Mr. Donlin was there at our founding as Chairman of the Board and Chairman of our Nominating/Company Governance Committee and served in these roles with distinction for greater than 13 years. His management was instrumental to the Firm’s success and he shepherded the Firm via troublesome occasions as nicely,” says Gerry Creagh, the Firm’s Chairman of the Board. Mr. Creagh additional mentioned that “Mr. Mahoney has additionally been a key element of our success having served as Chairman of our Audit Committee for greater than 9 years. We’re unhappy to see them go and want them the very best.”
About Chimera Funding Company
We’re a publicly traded REIT that’s primarily engaged within the enterprise of investing in a diversified portfolio of actual property belongings, together with mortgage loans, Company RMBS, Non-Company RMBS, Company CMBS, and different actual property belongings.
Please go to www.chimerareit.com for extra details about the Firm.