secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001564590-23-006490
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMT Q1 net income $50.2M ($0.50/diluted share) vs Q4 loss of $5.8M; book value up to $15.96
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- Net income attributable to common shareholders $50.2M ($0.50 diluted EPS) compared to net loss of $5.8M in Q4 2022; net investment income $90.4M.
- Book value per common share increased to $15.96 from $15.78 at Dec 31, 2022.
- Credit Sensitive Strategies segment pretax income $57.3M from net investment income $58.0M; Interest Rate Sensitive Strategies pretax loss $7.0M.
- Repurchased 0.6M common shares at avg $11.83 in Q1; after quarter-end repurchased 0.7M more at $12.06.
- Extended Fannie Mae MSR term notes maturity by 2 years ($450M); issued $235M of new CRT term notes; invested $52M in additional opportunistic investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000156459023006490/0001564590-23-006490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000156459023006490/pmt-8k_20230427.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-006490

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