secwatch.observer — SEC 8-K summary
======================================

Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001193125-24-165750
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennyMac amends exchangeable notes to eliminate physical settlement option
--------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000119312524165750/0001193125-24-165750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000119312524165750/d830541d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-165750

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer