Summary of CHIMERA INVESTMENT CORP

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed by Chimera Investment Corporation (the "Company"), as a result of the Company's pending restatement of certain of its previously filed consolidated financial statements, the Company has been unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2011 (the "2011 Form 10-K"). Therefore, the Company is subject to the New York Stock Exchange's (the "NYSE" or the "Exchange") late filing procedures as they pertain to annual reports, as set forth in Section 802.01E of the NYSE Listed Company Manual.

The Company has been notified by the NYSE that the NYSE had granted the Company a final extension for continued listing and trading on the Exchange, notwithstanding that the Company has not yet filed the 2011 Form 10-K. In September 2012, the Company had previously obtained a four-month listing extension until January 15, 2013. In January 2013, the Company had previously obtained a further one-month listing extension until February 15, 2013. The final extension granted by the NYSE provides the Company until March 15, 2013 to file the 2011 Form 10-K with the U.S. Securities and Exchange Commission, subject to reassessment on an ongoing basis.

In granting the final extension, the NYSE noted that it would closely monitor the Company's progress in connection with the milestones and timing for filing the 2011 Form 10-K and that failure to make progress could result in suspension of the Company's listing privileges prior to March 15, 2013. The NYSE stated in its notice that, in the event that the Company does not file the 2011 Form 10-K in accordance with the terms of the NYSE's extension, the NYSE will move forward with the initiation of suspension and delisting procedures.

Although the Company is working diligently to complete the 2011 Form 10-K, no assurance can be given that the 2011 Form 10-K will be filed by March 15, 2013.