PennyMac Mortgage Investment Trust (NYSE: PMT) today announced that its Board of Directors has declared third quarter 2022 cash dividends on its 8.125% Series A Cumulative Fixed-Floating Rate Redeemable Preferred Shares ( the “Series A Preferred Shares”) (NYSE: PMT PrA), its Series B 8.000% Cumulative Fixed-Floating Rate Redeemable Preferred Shares (the “Series B Preferred Shares”) (NYSE: PMT PrB) and its 6.750% Series C Preferred Shares Cumulative Beneficial Interest Redeemable Preferred Shares (the “Series C Preferred Shares”) (NYSE: PMT PrC).

In accordance with the terms of each preferred series, the dividend information is as follows:

Series Teleprinter Annual
Dividend rate
Dividend by
To share
Registration Date Payment date

A

PMT PrA

8.125%

$0.507813

September 1, 2022

September 15, 2022

B

PMT PrB

8.000%

$0.500000

September 1, 2022

September 15, 2022

VS

PMT PrC

6.750%

$0.421875

September 1, 2022

September 15, 2022

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgages and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional information about PennyMac Mortgage Investment Trust is available at www.pennymac-reit.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions regarding, among other things, PennyMac Mortgage Investment Trust’s (” Company”) financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like ‘believe’, ‘expect’, ‘anticipate’, ‘promise’, ‘plan’ and other expressions or words of similar meaning, as well as future or conditional verbs such as ‘will fly’, ‘should “, “should”, “could” or “may” are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected here and from past results discussed here. Factors that could cause actual results to differ materially from historical or anticipated results including, but not limited to: changes in interest rates; our exposure to the risk of loss and business interruption resulting from weather-related adverse weather conditions, man-made or natural disasters, climate change and pandemics such as COVID-19; the impact on our CRT agreements of increased forbearance requests on borrowers under the CARES Act; changes in the Company’s investment objectives or investment or operating strategies, including new lines of business or new products and services which may expose it to additional risks; volatility in the Company’s industry, debt or equity markets, general economy, or real estate finance and real estate markets; events or circumstances that undermine confidence in financial and real estate markets or otherwise have a material impact on financial and real estate markets, such as instability or sudden collapse of large depository institutions or other significant corporations, terrorist attacks, natural or man-made disasters, or threats or actual armed conflicts; changes in general business, economic, market, employment and domestic and international political conditions, or in consumer confidence and spending patterns from those expected; the degree and nature of the Company’s competition; real estate declines or significant changes in US housing prices or US housing market activity; the availability and level of competition for attractive risk-adjusted investment opportunities in mortgages and mortgage-related assets that meet the Company’s investment objectives; the inherent difficulty of winning bids to acquire mortgages and the Company’s success in doing so; the concentration of credit risks to which the Company is exposed; the Company’s dependence on its manager and service agent, potential conflicts of interest with such entities and their affiliates, and the performance of such entities; personnel changes and the lack of availability of qualified personnel at its director, its repairer or their subsidiaries; the availability, terms and deployment of short- and long-term capital; the adequacy of the Company’s cash reserves and working capital; the Company’s ability to maintain the desired relationship between its funding and the interest rates and maturities of its assets; the timing and amount of cash flows, if any, from the Company’s investments; our substantial amount of indebtedness; the performance, financial condition and liquidity of borrowers; the ability of the Company’s servicer, who also provides execution services to the Company, to approve and monitor correspondent sellers and underwrite loans at investor standards; incomplete or inaccurate information or documents provided by customers or counterparties, or adverse changes in the financial condition of the Company’s customers and counterparties; the Company’s 3 indemnification and repurchase obligations in connection with mortgages that it subsequently purchases and sells or securitizes; the quality and enforceability of collateral documentation evidencing the ownership and rights of the Company to the assets in which it invests; increase in delinquency rates, default and/or decrease in recovery rates on the Company’s investments; the performance of the mortgage loans underlying the mortgage-backed securities in which the Company retains credit risk; the Company’s ability to seize its investments on a timely basis or at all; increased prepayments of mortgages and other loans underlying the Company’s mortgage-backed securities or related to the Company’s mortgage servicing rights and other investments; the extent to which the Company’s hedging strategies may or may not protect it from interest rate volatility; the effect of the accuracy or changes in estimates the Company makes regarding uncertainties, contingencies and valuations of assets and liabilities when measuring and reporting the financial condition and results of operations of the Company ; the Company’s ability to maintain appropriate internal control over financial reporting; technologies for lending and the Company’s ability to mitigate security risks and cyber intrusions; the Company’s ability to obtain and/or maintain licenses and other approvals in the jurisdictions required to operate its business; the Company’s ability to detect misconduct and fraud; the Company’s ability to comply with various federal, state and local laws and regulations that govern its business; developments in secondary markets for the Company’s mortgage products; legislative and regulatory changes that impact the mortgage industry or the housing market; changes in regulations or the occurrence of other events affecting the activities, operations or prospects of government agencies such as the Government National Mortgage Association, Federal Housing Administration or Veterans Affairs, US Department of Agriculture or government-sponsored entities such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or such changes that increase the cost of doing business with such entities; legislative and regulatory changes that impact the business, operations or governance of mortgage lenders and/or publicly traded companies; the Consumer Financial Protection Bureau and its issued and future rules and their enforcement; changes in government support for home ownership; changes to government or government-sponsored housing affordability programs; the limitations imposed on the Company’s activities and its ability to satisfy complex rules allowing it to qualify as a REIT for US federal income tax purposes and to qualify for a corporate law exclusion 1940 Investment Guidelines and the ability of certain subsidiaries of the Company to qualify as REITs or as taxable subsidiaries of REITs for U.S. federal income tax purposes, as applicable, and the ability of the Company and the ability of its subsidiaries to operate effectively within the limits imposed by these rules; changes in governmental regulations, accounting treatment, tax rates and other similar matters; the Company’s ability to make distributions to its shareholders in the future; the Company’s inability to appropriately address issues that may give rise to reputational risk; and the Company’s organizational structure and certain requirements in its governing documents. You should not place undue reliance on forward-looking statements and should consider all of the uncertainties and risks described above, as well as those discussed in greater detail in the reports and other documents filed by the Company with the Securities and Exchange. Committee 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 speak only as of the date of this release.

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