logo
Share SHARE
FONT-SIZE Plus   Neg

PennyMac Mortgage Investment Trust Prices Common Share Offering

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September. Free meals in coach might soon make a comeback on Delta Air Lines Inc. The Atlanta-based airline said it is testing complimentary meals in the main cabin on transcontinental flights between JFK International Airport in New York and Los Angeles International Airport or San Francisco International Airport. Air Canada plans to add three U.S. routes next year, to cities San Antonio, Memphis and Savannah, the airline announced. The company said it will launch six new non-stop U.S. services beginning Spring 2017.
comments powered by Disqus
Follow RTT