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Sign InChimera Investment Corporation reported a GAAP net loss of $65 million for the first quarter of 2026, reflecting the impact of market volatility on its portfolio. However, the company’s earnings available for distribution reached $46 million, or $0.54 per share, comfortably covering the $0.45 dividend payout. The GAAP book value per common share was reported at $18.34, resulting in a negative economic return of 4.6% for the quarter. While the headline loss and negative return present a bearish outlook, the robust dividend coverage provides a degree of stability for income-focused investors. Management continues to navigate a complex interest rate environment to maintain operational profitability. Market analysts are closely watching the firm's ability to stabilize its book value in the coming quarters.