PennyMac Mortgage Investment Trust Declares Third Quarter 2016 Dividend
September 26 2016 - 7:55PM
Business Wire
The Board of Trustees of PennyMac Mortgage Investment Trust
(NYSE: PMT) declared a cash dividend of $0.47 per common share of
beneficial interest for the third quarter of 2016. This dividend
will be paid on October 27, 2016 to common shareholders of record
as of October 7, 2016.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate
investment trust (REIT) that invests primarily in residential
mortgage loans and mortgage-related assets. PennyMac Mortgage
Investment Trust trades on the New York Stock Exchange under the
symbol “PMT” and is externally managed by PNMAC Capital Management,
LLC, an indirect subsidiary of PennyMac Financial Services, Inc.
(NYSE: PFSI). Additional information about PennyMac Mortgage
Investment Trust is available at www.PennyMac-REIT.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, regarding management’s beliefs, estimates,
projections and assumptions with respect to, among other things,
the Company’s financial results, future operations, business plans
and investment strategies, as well as industry and market
conditions, all of which are subject to change. Words like
“believe,” “expect,” “anticipate,” “promise,” “plan,” and other
expressions or words of similar meanings, as well as future or
conditional verbs such as “will,” “would,” “should,” “could,” or
“may” are generally intended to identify forward-looking
statements. Actual results and operations for any future period may
vary materially from those projected herein and from past results
discussed herein. Factors which could cause actual results to
differ materially from historical results or those anticipated
include, but are not limited to: changes in our investment
objectives or investment or operational strategies, including any
new lines of business or new products and services that may subject
us to additional risks; volatility in our industry, the debt or
equity markets, the general economy or the real estate finance and
real estate markets specifically; events or circumstances which
undermine confidence in the financial markets or otherwise have a
broad impact on financial markets; changes in general business,
economic, market, employment and political conditions, or in
consumer confidence and spending habits from those expected;
declines in real estate or significant changes in U.S. housing
prices or activity in the U.S. housing market; the availability of,
and level of competition for, attractive risk-adjusted investment
opportunities in mortgage loans and mortgage-related assets that
satisfy our investment objectives; the inherent difficulty in
winning bids to acquire distressed loans or correspondent loans,
and our success in doing so; the concentration of credit risks to
which we are exposed; the degree and nature of our competition; the
availability, terms and deployment of short-term and long-term
capital; the adequacy of our cash reserves and working capital; our
ability to maintain the desired relationship between our financing
and the interest rates and maturities of our assets; the timing and
amount of cash flows, if any, from our investments; unanticipated
increases or volatility in financing and other costs, including a
rise in interest rates; the performance, financial condition and
liquidity of borrowers; incomplete or inaccurate information or
documentation provided by customers or counterparties, or adverse
changes in the financial condition of our customers and
counterparties; changes in the number of investor repurchases or
indemnifications and our ability to obtain indemnification or
demand repurchase from our correspondent sellers; increased rates
of delinquency, default and/or decreased recovery rates on our
investments; increased prepayments of the mortgages and other loans
underlying our mortgage-backed securities or relating to our
mortgage servicing rights, excess servicing spread and other
investments; the degree to which our hedging strategies may or may
not protect us from interest rate volatility; the effect of the
accuracy of or changes in the estimates we make about
uncertainties, contingencies and asset and liability valuations
when measuring and reporting upon our financial condition and
results of operations; changes in regulations or the occurrence of
other events that impact the business, operation or prospects of
government sponsored enterprises; changes in government support of
homeownership; changes in governmental regulations, accounting
treatment, tax rates and similar matters; our ability to satisfy
complex rules in order to qualify as a REIT for U.S. federal income
tax purposes; and our ability to make distributions to our
shareholders in the future. You should not place undue reliance on
any forward-looking statement and should consider all of the
uncertainties and risks described above, as well as those more
fully discussed in reports and other documents filed by the Company
with the Securities and Exchange Commission from time to time. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements or any other information contained
herein, and the statements made in this press release are current
as of the date of this release only.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926006508/en/
PennyMac Mortgage Investment TrustInvestors and MediaChristopher
Oltmann, (818) 224-7028
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