Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

PennyMac Mortgage Investment Trust Prices Common Share Offering

RELATED NEWS
Trade PMT now with 

PennyMac Mortgage Investment Trust (PMT: Quote) 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.

Click here to receive FREE breaking news email alerts for PennyMac Mortgage Investment Trust and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State. While the Conference Board released a report on Friday showing a continued increase by its index of leading U.S. economic indicators in the month of August, the pace of growth showed a significant slowdown compared to the previous month.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.