PennyMac amends exchangeable notes to eliminate physical settlement option

PennyMac Mortgage Investment Trust

Fifth Supplemental Indenture eliminates PennyMac Corp.'s option to elect physical settlement on its 2024 and 2026 exchangeable notes.
Minimum cash settlement amount set at $1,000 per $1,000 principal for any combination settlement, effective June 21, 2024.
Amendment executed by PennyMac Corp., PennyMac Mortgage Investment Trust, and Bank of New York Mellon as trustee.

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