Chimera Investment Corporation (NYSE:CIM) will seek acquisitions. Chimera Investment intends to use the net proceeds of 7.4 million shares of its 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock offering to finance the acquisition of mortgage assets including residential mortgage loans, non-Agency RMBS, Agency RMBS, Agency and non-Agency CMBS and other targeted assets, and for other general corporate purposes such as repayment of outstanding indebtedness or to pay down other liabilities, working capital and for liquidity needs.