Trade Alert 2024-06-07

We’re following through on another one of the ideas we telegraphed recently (multiple times).

Specifically, we’re taking profits on shares of CIM-D (CIM.PR.D).

Shares of CIM-D delivered a great return while common shares of Chimera Investment Corporation (CIM) have been dreadful.

Once again, we can see that our positioning within the capital stack was a hu…