Chimera Investment (CIM) 8-K Investor Presentation | Fourth Quarter 2015 March 2016

Exhibit 99.1

 Investor Presentation | Fourth Quarter 2015  March 2016 

 This material is not intended to be exhaustive, is preliminary in nature and may be subject to change. In addition, much of the information contained herein is based on various assumptions (some of which are beyond the control of Chimera Investment Corporation, the “Company”) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “would,” “projected,” “tends,” “will” or similar expressions, or variations on those terms or the negative of those terms. The Company’s forward-looking statements are subject to numerous risks, uncertainties and other factors. You should review some of these factors that are described under the caption “Risk Factors” in our 2015 Form 10-K and any subsequent periodic report filed with the SEC. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Furthermore, none of the financial information contained in this material has been audited or approved by the Company’s independent registered public accounting firm.    Disclaimer 

 Chimera Investment Corporation (NYSE: CIM)  Hybrid mREIT Peers include TWO, IVR, MFA, NRZ, and RWT as of 12/31/2015Banks include WFC, JPM, BAML, C, GS, BONY, USB, and PNCYields as of 12/31/15. Source: Bloomberg  We develop and manage a portfolio of leveraged mortgages to produce an attractive quarterly dividend for shareholders      Business Description:   Hybrid Mortgage REIT  Inception:   2007  Total Capital:  $2.9 billion  Total Portfolio:  $15.0 billion  Overall Leverage Ratio:  4.0:1 (2.5:1 recourse leverage)  Common Stock Yield(3)  14.1%  2.5  Recourse 2.5  Non-Recourse  4.0 

 Total Portfolio Composition  As of December 31, 2015Financing excludes unsettled trades  75% of CIM’s equity capital is allocated to mortgage credit  Residential Mortgage Credit PortfolioTotal Assets: $8.4 Billion(1)  Agency MBS PortfolioTotal Assets: $6.5 Billion(1) 

 Agency MBS Portfolio and Funding  As of December 31, 2015. Coupon is a weighted average for Commercial and Agency IONotional Agency IO was $6.7 billion as of 12/31/2015. Excludes unsettled tradesReflects fourth quarter 2015 yields and spreadsIncludes the interest incurred on interest rate swaps  Reducing Interest Rate Risk by Reducing Exposure to Agency RMBS  Agency Securities  Agency Repo Days to Maturity  Agency Portfolio Yields and Spreads(4)      Gross Asset Yield:  2.5%  Financing Cost(5):  1.5%  Net Interest Spread:  1.0%  Net Interest Margin:  1.2%  Security Type  Coupon(1)  Current Face  Weighted Average Price  Weighted Average CPR  Agency Pass-through (RMBS)  3.50%  $2,950,266  103.1  6.6    4.00%  1,717,460   105.9  6.3    4.50%  377,693   108.0  21.8  ACMBS  3.4%  952,091   102.3  0.8  Agency IO  0.8%  N/M(2)   4.1  6.3    Total  $5,997,510        Maturity  Principal Balance(3)  Weighted Average Rate  Weighted Average Days  Within 30 days  -  -    30 to 59 days  2,640,174   0.62%    60 to 89 days  1,734,687   0.62%    90 to 360 days  132,840   0.62%    Over 360 days  817,025   0.75%    Total  $5,324,726  0.64%  53 

 Aggregate Agency Portfolio Composition   Agency RMBS portfolio transitioned from 4% coupon to 3.5% couponPay-down principal reinvestedAgency CMBS increased to 15% of Agency portfolioDriven by new construction loan commitments     

 Interest Rate Sensitivity  As of December 31, 2015. (1) Projected Percentage Change in Portfolio Value is based on instantaneous moves in interest rates.   Agency, Swap and Derivative Portfolio  Description($ in thousands)    - 100 Basis Points  - 50 Basis Points  Unchanged  +50 Basis Points  +100 Basis Points  Agency Pass-Throughs (RMBS)  Market Value   $5,520,875    $5,427,373    $5,302,035    $5,157,494    $4,999,624     Percentage Change  4.1%  2.4%  -   (2.7%)  (5.7%)                Swap  Market Value  (132,389)  (70,709)  -   61,647   124,416     Percentage Change  (2.5%)  (1.3%)  -   1.2%  2.3%                Futures  Market Value  (36,849)  (19,214)  -   18,440   36,440     Percentage Change  (0.7%)  (0.4%)  -   0.3%  0.7%                Net Gain/(Loss)    49,602   35,415   -   (64,455)  (141,556)  Percentage Change in Portfolio Value(1)    0.9%  0.7%  -   (1.2%)  (2.7%)  Description($ in thousands)    - 100 Basis Points  - 50 Basis Points  Unchanged  +50 Basis Points  +100 Basis Points  Agency CMBS(ACMBS)  Market Value   $1,300,894    $1,256,932    $1,212,788    $1,170,764    $1,130,740     Percentage Change  7.3%  3.6%  -   (3.5%)  (6.8%)                  Swap  Market Value  (69,460)  (36,069)  -   31,934   65,318     Percentage Change  (5.7%)  (3.0%)  -   2.6%  5.4%                  Net Gain/(Loss)    18,646   8,075   -   (10,090)  (16,730)  Percentage Change in Portfolio Value(1)    1.5%  0.7%  -   (0.8%)  (1.4%) 

 Agency CMBS – Multifamily and Healthcare    In 1934, the National Housing Act established federal insurance programs to support multifamily housing. Annual issuance is between $10 and $15 billion.   Stable hedged return profile – prepay protection based on contractual lock out and prepayment penaltiesStable cashflows offer comparable returns to Agency Pass-Throughs (RMBS)  Economic Benefits  Chimera commits funds to an FHA/GNMA approved projectConstruction draw schedules are typically 12 to 24 monthsAt the commitment date, Chimera locks in a fixed coupon and spreadAs draws are funded, Chimera receives GNMA bonds (CLC)When all draws are funded GNMA issues a Permanent Loan bond (PLC)These securities are attractive collateral for future securitizations  A hedging portfolio is established to mitigate interest rate riskHedges and related costs are incurred at the commitment date, while interest income doesn’t begin until loans are funded resulting in negative carry during initial funding periodInterest only bonds are added to the portfolio to mitigate this cost  Funding Overview  Hedging 

 Agency CMBS Portfolio Composition     Agency CMBS Composition Q4 '15 (Mkt. Val. %) 

 Residential Mortgage Credit Portfolio  Credit Portfolio Composition  Reflects fourth quarter 2015 yields and spreads      Gross Asset Yield:  8.3%  Financing Cost:  3.4%  Net Interest Spread:  4.9%  Net Interest Margin:  5.4%    Credit Portfolio Yields and Spreads(1) 

 Residential Mortgage Credit Portfolio Composition  

 Non-Agency RMBS Portfolio  52% of CIM’s Non-Agency Portfolio is Re-REMIC Bonds  The Re-Securitization Process  $40mm Subordinate B Note Retained by CIM  $100mm Non-Agency Mortgage Bond  $100mm Trust(Non-Agency RMBS Collateral)  $60mm Senior A Note Sold to 3rd party  Deposit  Losses & Interest  Principal& Interest  CIM buys $100mm Non-Agency mortgage bond from dealer  CIM deposits the bond into a trust The trust issues bonds backed by the cashflow of the underlying bond  CIM sells the Senior A note The A note receives P&I from the $100mm bond until the $60mm is paid offCIM retains the Subordinate B note The B note receives interest, all losses from the $100mm bond and starts to receive principal only after the Senior A note is paid off in full  1  2  3 

 Re-Remic subordinates have had slow prepayments considering the low interest rate environment  ($ in thousands)        At Issuance / Acquisition        As of December 31, 2015      Vintage  Type  Deal    Total Original Face  Total of Tranches Sold  Total of Tranches Retained    Total Remaining Face  Remaining Face of Tranches Sold  Remaining Face of Tranches Retained  2014  RMBS Securitization(1)  CSMC - 2014-4R    367,271  -  367,271    289,507  -  289,507  2010  RMBS Securitization  CSMC 2010-1R    1,730,581  691,630  1,038,951    721,971  35,494  686,477  2010  RMBS Securitization  CSMC 2010-11R    566,571  338,809  227,762    317,456  104,227  213,229  2009  RMBS Securitization  CSMC 2009-12R    1,730,698  915,566  815,132    661,377  151,507  509,870  2009  RMBS Securitization  JPMRR 2009-7    1,522,474  856,935  665,539    604,011  206,444  397,567  2009  RMBS Securitization  JMAC 2009-R2     281,863  192,500  89,363    107,116  46,904  60,212                          TOTAL      $6,199,458   $2,995,440   $3,204,018     $2,701,398   $544,576  $2,156,862          % of origination remaining        44%  18%  67%  Consolidated RMBS  As of December 31, 2015Collateral for this deal was originally part of CSMC 2010-12R  The average yield on consolidated retained Subordinate Bonds is over 17% 

 Home Prices Have Been Appreciating Older Non-Agency MBS Credit Continues to ImproveDelinquency pipelines decreasingForeclosures getting flushed out of dealsLower loss severitiesDeals are deleveringNew Mortgage Credit Remains TightBanks/rating agencies are risk averseOnly best borrowers get new mortgage loansFull documentationPrepayment Speeds on Older Non-Agency MBS Remain SlowSubprime, Alt-A borrowers have limited options to refinance  Mortgage Credit Fundamentals   Source: Bloomberg, Mortgage Bankers Association  CIM’s mortgage credit portfolio is performing better than expected when purchased and prepaying slower than expected in the current rate environment 

 Summary    Chimera currently operates at 2.7x recourse leverage and produces a yield over 14%  Actively hedged and highly liquidAgency exposure decreased by $2.5 billion in 1st Half of 2015Reduced prepay exposure by shifting 16% of the Pass-Through portfolio from 4.0% coupon to 3.5% in Q4Continue to allocate more capital to Agency CMBS (ACMBS)   Agency Portfolio  Prepayment speeds have been slower than expected resulting in longer high yielding cash flows. Difficult to re-create in today’s marketLonger Term Repo Finance Options Available  $2.1 billion Springleaf portfolioSecuritization pipeline without adding costly infrastructure  Residential Mortgage Credit Portfolio  Future Securitization Pipeline 

 Dividend History  Chimera has paid out over $3.4B in dividends since inception  As of December 31, 2015(1) Includes dividend declared in Q4 2015 and paid in the subsequent year.   (1)