CHIMERA INVESTMENT CORP

We are supplementing the risk factors described under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”), with the additional risk factors set forth below. These supplemental risk factors should be read in conjunction with the other risk factors described in the 2023 Form 10-K.

Completion of the Palisades Acquisition remains subject to conditions and we may fail to realize the expected benefits of the Palisades Acquisition.

The Palisades Acquisition is subject to various customary closing conditions. There is no assurance that these closing conditions will be satisfied in a timely manner or at all. In addition, we may not fully realize our expected benefits of the Palisades Acquisition in a timely fashion or at all. We may be required to devote significant attention and resources to successfully integrate Palisades’ operations into our existing business. This integration process may disrupt our business and, if ineffective, would limit the anticipated benefits of the Palisades Acquisition. Failure to achieve the anticipated benefits of the Palisades Acquisition could adversely affect our results of operations.