Key Developments: PennyMac Mortgage Investment Trust (PMT)
22.88USD
22 May 2013
$0.18 (+0.79%)
$22.70
$22.70
$23.25
$22.67
1,378,236
1,066,597
$28.95
$17.74
Latest Key Developments (Source: Significant Developments)
PennyMac Mortgage Investment Trust Prices Private Placement Of $200 Million Of Exchangeable Senior Notes
PennyMac Mortgage Investment Trust announced the pricing of a private offering by indirect wholly-owned subsidiary, PennyMac Corp., of $200 million aggregate principal amount of Exchangeable Senior Notes due 2020. The initial purchasers have a 30-day option from the date of the offering to purchase up to an additional $50 million aggregate principal amount of Notes from PennyMac Corp. 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 April 30, 2013. The net proceeds from the offering are intended to be used to fund the business and investment activities of PMT and its subsidiaries, which may include the acquisition of distressed mortgage loans or other investments; the funding of the continued growth of its correspondent lending business, including the purchase of jumbo loans; the repayment of other indebtedness; and for general corporate purposes. Full Article
PennyMac Mortgage Investment Trust's PennyMac Corp Announces Proposed Private Placement Of Exchangeable Senior Notes
PennyMac Mortgage Investment Trust's PennyMac Corp announced that it plans to make a private offering of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2020 (the "Notes"). The initial purchasers will have a 30-day option from the date of the offering to purchase up to an additional $30 million aggregate principal amount of Notes from PennyMac Corp. 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.The net proceeds from the offering are intended to be used to fund the business and investment activities of PMT and its subsidiaries, which may include the acquisition of distressed mortgage loans or other investments; the funding of the continued growth of its correspondent lending business, including the purchase of jumbo loans; the repayment of other indebtedness; and for general corporate purposes. Full Article
PennyMac Mortgage Investment Trust Declares Cash Dividend
PennyMac Mortgage Investment Trust announced that the Board of Trustees has declared a cash dividend of $0.57 per common share of beneficial interest. This dividend will be paid on May 31, 2013 to common shareholders of record as of May 16, 2013. Full Article
CORRECTION OFFICIAL - PennyMac Mortgage Investment Trust Declares Cash Dividend
CORRECTED TO READ in the body as 'record on November 19, 2012' .. 'instead of record on November 16, 2012' PennyMac Mortgage Investment Trust announced that the Board of Trustees has declared a cash dividend of $0.57 per common share of beneficial interest. This dividend will be paid on November 30, 2012 to common shareholders of record on November 19, 2012. Full Article
PennyMac Mortgage Investment Trust Announces Pricing Of Common Share Offering
PennyMac Mortgage Investment Trust announced the pricing of an underwritten public offering of 15,000,000 common shares of beneficial interest. The underwriters have a 30-day option from the date of the offering to purchase up to an additional 2,250,000 shares from the Company. The underwriters have offered the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale. Settlement of the offering is subject to customary closing conditions and is expected to occur on August 22, 2012. All of the shares were offered by the Company and will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering to fund a portion of the purchase price for a portfolio of residential whole mortgage loans, to fund the continued growth of correspondent lending business, to acquire additional mortgage loans or other investments, including those under existing forward purchase agreements, and for general corporate purposes. BofA Merrill Lynch, Citigroup and Credit Suisse Securities (USA) LLC are acting as the underwriters for the offering. Full Article
PennyMac Mortgage Investment Trust Announces Offering of Common Shares
PennyMac Mortgage Investment Trust announced that it is offering 12,000,000 common shares of beneficial interest (shares) in an underwritten public offering. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,800,000 shares from the Company. All of the shares will be offered by the Company and will be issued under the Company`s currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering to fund a portion of the purchase price for a portfolio of residential whole mortgage loans (if such acquisition is completed), to fund the continued growth of its correspondent lending business, to acquire additional mortgage loans or other investments, including those under existing forward purchase agreements, and for general corporate purposes. BofA Merrill Lynch, Citigroup and Credit Suisse Securities (USA) LLC are acting as the underwriters for the offering. Full Article
PennyMac Mortgage Investment Trust Declares Cash Dividend
PennyMac Mortgage Investment Trust announced that it has declared a cash dividend of $0.55 per common share of beneficial interest. This dividend will be paid on August 31, 2012 to common shareholders of record on August 16, 2012. Full Article
PennyMac Mortgage Investment Trust Announces Pricing Of Common Share Offering
PennyMac Mortgage Investment Trust announced the pricing of an underwritten public offering of 10,000,000 common shares of beneficial interest (shares). The underwriters have a 30-day option from the date of the offering to purchase up to an additional 1,500,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on May 11, 2012. All of the shares were offered by the Company and will be issued under the Company’s currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering to fund a portion of the purchase price for two portfolios of residential whole mortgage loans (if such acquisitions are completed), to fund the continued growth of its correspondent lending business, to acquire additional mortgage loans or other investments, including those under existing forward purchase agreements, and for general corporate purposes. BofA Merrill Lynch, Citigroup and Credit Suisse Securities (USA) LLC are acting as the underwriters for the offering. Full Article
PennyMac Mortgage Investment Trust Announces Offering of Common Shares
PennyMac Mortgage Investment Trust announced that it is offering 10,000,000 common shares of beneficial interest (shares) in an underwritten public offering. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,500,000 shares from the Company. All of the shares will be offered by the Company and will be issued under the Company’s currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering to fund a portion of the purchase price for two portfolios of residential whole mortgage loans (if such acquisitions are completed), to fund the continued growth of its correspondent lending business, to acquire additional mortgage loans or other investments, including those under existing forward purchase agreements, and for general corporate purposes. BofA Merrill Lynch, Citigroup and Credit Suisse Securities (USA) LLC are acting as the underwriters for the offering. Full Article
PennyMac Mortgage Investment Trust Declares Cash Dividend
PennyMac Mortgage Investment Trust announced that it has declared a cash dividend of $0.55 per common share of beneficial interest. This dividend will be paid on May 31, 2012 to common shareholders of record on May 16, 2012. Full Article
UPDATE 1-PennyMac Financial files for $287 mln IPO
* PennyMac is led by ex-Countrywide president Stanford Kurland
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