Highest-materiality recent filing
PMT Q1 net income $14.2M ($0.16/shr); dividend $0.40; book value drops to $14.98
Net income attributable to common shareholders $14.2M, diluted EPS $0.16, on net investment income $82.1M.
PennyMac Mortgage Investment Trust Reports Q4 2025 Net Income of $41.9 Million, EPS $0.48
Net income attributable to common shareholders of $41.9 million, or $0.48 per share.
Issued $75M aggregate principal amount of 8.500% Exchangeable Senior Notes due 2029 as a further reopening of existing series.
PennyMac subsidiary issues $75M of 8.500% Exchangeable Notes due 2029
Issued $75M aggregate principal of 8.500% Exchangeable Senior Notes due 2029 as a reopening; total outstanding now $291.5M.
PennyMac Mortgage Investment Trust Q3 net income $47.8M, book value up to $15.16
Net income attributable to common shareholders of $47.8M ($0.55 EPS); annualized ROE of 14%.
PMT Q2 net loss $2.9M ($0.04/share) impacted by non-recurring $14M tax charge
Net loss attributable to common shareholders $2.9M ($0.04 diluted EPS); net investment income $70.2M.
PennyMac Mortgage Investment Trust reports annual meeting vote results; all proposals passed
Three Class I trustees elected: Scott W. Carnahan (38.0M for), Donna M. Corley (41.8M for), Renee R. Schultz (41.6M for).
PennyMac Mortgage Investment Trust closes $105M 9.00% Senior Notes due 2030; net proceeds ~$101M
Issued $105M aggregate principal of 9.00% Senior Notes due 2030, including $5M from partial exercise of over-allotment.
PennyMac Mortgage Investment Trust Q1 2025 net loss $0.8M, dividend $0.40/share
Net loss of $0.8M ($0.01 diluted EPS); net investment income $44.5M; book value per share fell to $15.43 from $15.87.
PMT closes $172.5M offering of 9.00% Senior Notes due 2030
$172.5M aggregate principal of 9.00% Senior Notes due 2030 issued; includes full exercise of $22.5M over-allotment.
PMT Q4 net income $36.1M ($0.41/share); book value $15.87; full-year net income down 19%
Q4 net income attributable to common shareholders $36.1M vs $199.7M in 2023; diluted EPS $0.41.
PMT enters $500M committed MSR financing facility with Citibank, max $1B
Initial term expires June 26, 2026; maximum principal balance $1B, committed amount $500M.
PMT extends key related-party agreements to Dec 2029; modifies management fees and servicing rates
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.
PennyMac Q3 net income $31.0M ($0.36 EPS); BVPS $15.85, dividend $0.40/share
Net income attributable to common shareholders $31.0M; diluted EPS $0.36; net investment income $80.9M.
PMT CIO William Chang steps down; Mark Elbaum named interim CIO
William Chang stepping down as PMT Senior Managing Director and CIO, effective Oct 11, 2024, to pursue other interests.
PMT Q2 net income $15.0M ($0.17/sh); book value $15.89; dividend $0.40
Net income $15.0M ($0.17 diluted EPS) on net investment income $71.2M; annualized ROE 4%.
PennyMac Mortgage Investment Trust issues $355M secured term notes for Fannie Mae MSR financing
Issued $355M Series 2024-FT1 Term Notes through subsidiaries, secured by Fannie Mae mortgage servicing rights.
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.
PennyMac Mortgage Investment Trust establishes $200M ATM equity offering program
Enters Equity Distribution Agreements with 8 agents including Barclays, Goldman Sachs, UBS for at-the-market sales.
SiSi Pouraghabagher elected as independent Class III trustee; term until 2027 annual meeting.
PMT subsidiary prices $200M 8.5% exchangeable senior notes due 2029
PennyMac Corp., a wholly-owned subsidiary, issued $200M of 8.500% Exchangeable Senior Notes due 2029.
PennyMac Mortgage to offer $200M exchangeable senior notes due 2029 via PMC
PMC plans $200M private offering of exchangeable senior notes due 2029; purchasers have 13-day option for additional $30M.
PMT Q1 2024 net income $37.2M ($0.39/diluted); dividend $0.40/sh; book value $16.11
Net investment income $74.2M; pretax income $32.4M vs. $32.6M in Q4 2023.
On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Investment Officer of Pennymac Mortgage Investment Trust (the “Company”) effective October 11, 2024.
On October 3, 2024, the Company announced that Mark Elbaum will assume the responsibilities of Chief Investment Officer upon Mr. Chang’s departure on an interim basis.
On June 12, 2024, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected SiSi Pouraghabagher as an independent Class III Trustee.
Max materiality 0.80 · Median 0.65 · Most common event earnings