PennyMac Mortgage Investment Trust (PMT) Friday said it priced its 15 million common shares offering.
According to the terms, the underwriters will have a 30-day option to purchase an additional 2.25 million shares from the date of the offering.
PennyMac in a statement said that it intended to use the proceeds from the offering to fund its lending business, buy residential whole mortgage loans and additional mortgage loans or other investments.
Credit Suisse Securities, BofA Merrill Lynch and Citigroup are acting as the underwriters for the offering.
PennyMac is currently trading down about 4% at $20.96 in pre-market.
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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.