PennyMac Mortgage Investment Trust (PMT) said Tuesday that it has priced an underwritten public offering of 10 million common shares of beneficial interest.
The underwriters have a 30-day option from the date of the offering to purchase up to an additional 1.5 million shares from the company.
Settlement of the offering is expected to occur on May 11.
The company plans to use the net proceeds from the offering to fund a portion of the purchase price for two portfolios of residential whole mortgage loans, if such acquisitions are completed, to fund the continued growth of its correspondent lending business, to acquire additional mortgage loans or other investments, including those under existing forward purchase agreements, and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.