Chimera REIT welcomes Kevin Chavers to its Board of Directors

– USA, NY –  Chimera Investment Corporation, Inc. (NYSE: CIM) today announced the appointment of Kevin Chavers to its Board of Directors.

“We are pleased to welcome Kevin to our Board,” said Board Chairman, Gerry Creagh. “Kevin has a broad range of expertise in the real estate finance and mortgage industry, and we believe Chimera will benefit greatly from his experience and perspective.”

Mr. Chavers will serve as Chair of the Compensation Committee and on the Risk Committee of the Board of Directors.

About Kevin Chavers

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

Mr. Chavers currently serves as a board member of SMBC Americas Holdings, Inc. In addition, Mr. Chavers serves as a board member of various nonprofit organizations, including the Enterprise Community Partners, the University of Virginia Foundation, Upper Manhattan Empowerment Zone, and the Bedford Stuyvesant Restoration Corporation. Mr. Chavers earned a J.D. from Harvard Law School and a Bachelor’s Degree from the University of Virginia.

About Chimera Investment Corporation

We are a publicly-traded REIT that is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of real estate assets, including mortgage loans, Non-Agency RMBS, Agency CMBS, Agency RMBS, and other real estate assets.

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