PennyMac Preferred Shares And The Obvious Lawsuit [Seeking Alpha]
PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT)
Last pennymac mortgage investment trust common shares of beneficial interest earnings: 2/6 04:30 pm
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US:NYSE Investor Relations:
ir.pennymacfinancial.com
Company Research
Source: Seeking Alpha
PMTU 1 Comment 1 Like Colorado Wealth Management Fund Investing Group Leader Follow Summary PennyMac Mortgage Investment Trust is a mortgage REIT with 3 series of preferred shares. PMT-A and PMT-B are fixed-to-floating preferred shares, but PennyMac announced they are fixed-rate due to the LIBOR Act. The claim looks about as realistic as a 7th grader announcing all the models that were at his secret party last weekend. PennyMac is facing lawsuits for not honoring the prospectus terms, potentially leading to a substantial increase in dividend yield for preferred share investors. This is negative for common shareholders, who are stuck eating the legal fees as PennyMac tries to defend an absurd position. Recommended For You
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PMT
News
- PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 Dividends for Its Preferred Shares [Yahoo! Finance]Yahoo! Finance
- PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 Dividends for Its Preferred SharesBusiness Wire
- Best mortgage lenders of November 2024 [Yahoo! Finance]Yahoo! Finance
- PennyMac Mortgage Investment Trust Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing PennyMac Mortgage Investment Trust (PMT) Right Now? [Yahoo! Finance]Yahoo! Finance
PMT
Earnings
- 10/22/24 - Miss
PMT
Sec Filings
- 11/14/24 - Form SC
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 4
- PMT's page on the SEC website