PMT extends key related-party agreements to Dec 2029; modifies management fees and servicing rates

PennyMac Mortgage Investment Trust

Management Agreement extended to Dec 31, 2029; base fee tiers: 1.5% on equity up to $2B, 1.375% on $2-5B, 1.25% above $5B.
Performance incentive fee now payable annually; tiers: 10% on 8-12% ROE, 15% on 12-16%, 20% above 16% ROE adjusted for high watermark.
Flow Servicing Agreement extended; base servicing fee: $7.50/month fixed-rate, $8.50/month adjustable-rate loans.
MSR Recapture Agreement extended; recapture fee: 70% of fair market value for first 30% recapture rate, 40% for excess up to 50%.
MBS Agreement extended; fulfillment fees capped at $585/commitment up to 16,500/quarter, then $355; plus $315/purchased loan up to 16,500, then $195.

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