PennyMac Mortgage Investment Trust

NYSE:PMTUnited States

May 21, 2024

Show headlines and story abstract

• PennyMac Mortgage Investment Trust Prices Private Placement of $200 Million of Exchangeable Senior Notes, from 7:36PM ET on Tuesday May 21, 2024 by Dow Jones

  7:36PM ET on Tuesday May 21, 2024 by Dow Jones
  Companies Mentioned: PMT
  
  jurisdictions where required to conduct its business; the Company's ability to detect misconduct and fraud; changes in the Company's credit risk transfer arrangements and agreements; developments in the secondary markets for the Company's loan products; legislative and regulatory changes that impact the loan industry or housing market; changes in regulations that impact the business, operations or governance of mortgage lenders and/or publicly-traded companies or such changes that increase the cost of doing business with such entities; the Consumer Financial Protection Bureau and its issued and future rules and the enforcement thereof; changes in government support of homeownership; the Company's ability to effectively identify, manage and hedge the Company's credit, interest rate, prepayment, liquidity and climate risks; changes in government or government-sponsored home affordability programs; limitations imposed on the Company's business and its ability to satisfy complex rules for it to qualify as a REIT for U.S. federal income tax purposes and qualify for an exclusion from the Investment Company Act of 1940 and the ability of certain of the Company's subsidiaries to qualify as REITs or as taxable REIT subsidiaries for U.S. federal income tax purposes, as applicable, and the Company's ability and the ability of its subsidiaries to operate effectively within the limitations imposed by these rules; changes in governmental regulations, accounting treatment, tax rates and similar matters (including changes to laws governing the taxation of REITs, or the exclusions from registration as an investment company); the Company's ability to make distributions to its shareholders in the future; the Company's failure to deal appropriately with issues that may give rise to reputational risk; and the Company's organizational structure and certain requirements in its charter documents. These factors are not necessarily all of the important factors that could cause the Company's actual results and performance to differ materially from those expressed in or implied by any of the Company's forward-looking statements. Other unknown or unpredictable factors also could adversely affect the Company's actual results and performance. Consequently, there can be no assurance that the results or performance anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only.
  

• *DJ PennyMac Mortgage Investment Trust Prices Private Placement of $200M of Exchangeable Senior Notes, from 7:36PM ET on Tuesday May 21, 2024 by Dow Jones

  7:36PM ET on Tuesday May 21, 2024 by Dow Jones
  Companies Mentioned: PMT

• PennyMac Mortgage Investment Trust Prices Private Placement of $200 Million of Exchangeable Senior Notes, from 7:36PM ET on Tuesday May 21, 2024 by Business Wire

  7:36PM ET on Tuesday May 21, 2024 by Business Wire
  Companies Mentioned: PMT

  PennyMac Mortgage Investment Trust (NYSE: PMT) ("PMT" or the "Company") today announced the pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp. ("PMC"), of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2029 (the "Notes"). The initial purchasers have a 13-day option to purchase up to an additional $30 million aggregate principal amount of Notes from PMC. The Notes will be offered only to qualified institutional buyers (as defined in the Securities Act of 1933, as amended (the "Securities Act")) pursuant to Rule 144A under the Securities Act. Settlement of the offering is subject to customary closing conditions and is expected to occur on May 24, 2024.

• PennyMac Mortgage Investment Trust Indirect Unit Plans Private Placement of $200 Million Notes, from 8:57AM ET on Tuesday May 21, 2024 by MT Newswires

  8:57AM ET on Tuesday May 21, 2024 by MT Newswires
  Companies Mentioned: PMT
  08:57 AM EDT, 05/21/2024 (MT Newswires) -- PennyMac Mortgage Investment Trust (PMT) said Tuesday its indirect unit, PennyMac Corp., plans to offer $200 million of exchangeable senior notes due 2029 in a private placement. The initial buyers will hav...

• PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior Notes, from 7:28AM ET on Tuesday May 21, 2024 by Dow Jones

  7:28AM ET on Tuesday May 21, 2024 by Dow Jones
  Companies Mentioned: PMT
  
  business with such entities; the Consumer Financial Protection Bureau and its issued and future rules and the enforcement thereof; changes in government support of homeownership; the Company's ability to effectively identify, manage and hedge the Company's credit, interest rate, prepayment, liquidity and climate risks; changes in government or government-sponsored home affordability programs; limitations imposed on the Company's business and its ability to satisfy complex rules for it to qualify as a REIT for U.S. federal income tax purposes and qualify for an exclusion from the Investment Company Act of 1940 and the ability of certain of the Company's subsidiaries to qualify as REITs or as taxable REIT subsidiaries for U.S. federal income tax purposes, as applicable, and the Company's ability and the ability of its subsidiaries to operate effectively within the limitations imposed by these rules; changes in governmental regulations, accounting treatment, tax rates and similar matters (including changes to laws governing the taxation of REITs, or the exclusions from registration as an investment company); the Company's ability to make distributions to its shareholders in the future; the Company's failure to deal appropriately with issues that may give rise to reputational risk; and the Company's organizational structure and certain requirements in its charter documents. These factors are not necessarily all of the important factors that could cause the Company's actual results and performance to differ materially from those expressed in or implied by any of the Company's forward-looking statements. Other unknown or unpredictable factors also could adversely affect the Company's actual results and performance. Consequently, there can be no assurance that the results or performance anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only.