PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 08/29/23

2023-08-29 14:44:47 ET Summary PennyMac Mortgage has announced that its preferred securities will not transition to a floating rate and will remain pegged to existing fixed rates. The decision has sparked debate over the legality and interpretation of the LIBOR Act and prospectus ...

2023-08-28 17:30:46 ET Summary PennyMac Mortgage Investment Trust announced plans to use fixed-rate dividends instead of floating rates for its preferred shares. The announcement comes after a significant increase in interest rates. I doubt PennyMac's current plan will go thro...

2023-08-28 10:14:07 ET Summary PennyMac Mortgage Investment Trust announces that two of its preferred shares will not transition to a floating reference rate, impacting their dividend rates. The cost savings from this move are expected to be relatively small, and the company may f...

2023-08-28 10:04:33 ET More on PennyMac Mortgage Preferred A, B PennyMac Mortgage Investment Trust ( NYSE: PMT ) Q2 2023 Earnings Call Transcript PennyMac Mortgage Investment Trust Pfd. Series A: The Next To Float PennyMac Mortgage: The 12% Yield Comes With A...

In March 2021, the U.K.'s Financial Conduct Authority announced that after June 30, 2023, the USD LIBOR for a three-month tenor would cease publication or no longer be representative. In connection with the cessation of representative USD LIBOR, in March 2022, the U.S. Congress enacted the Adjust...

2023-08-21 08:06:28 ET More on PennyMac Mortgage Investment trust 6.75% Red PFD C PennyMac Mortgage Investment Trust 2023 Q2 - Results - Earnings Call Presentation PennyMac Mortgage Investment Trust ( PMT ) Q2 2023 Earnings Call Transcript Revisiting The MFA Pref...

2023-08-21 08:05:53 ET More on PennyMac Mortgage Investment Trust CUM RED PFD B PennyMac Mortgage Investment Trust 2023 Q2 - Results - Earnings Call Presentation PennyMac Mortgage Investment Trust ( PMT ) Q2 2023 Earnings Call Transcript PennyMac Mortgage: The 12...

2023-08-21 08:05:15 ET More on PennyMac Mortgage Investment Trust PFD SER A PennyMac Mortgage Investment Trust 2023 Q2 - Results - Earnings Call Presentation PennyMac Mortgage Investment Trust ( PMT ) Q2 2023 Earnings Call Transcript PennyMac Mortgage Investment ...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the third quarter of 2023 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PrA), its 8.000% Series B Fixe...

2023-08-16 05:55:00 ET Times are tough in the mortgage business. The Federal Reserve's aggressive tightening campaign has raised interest rates and choked off mortgage refinancing activity. Higher rates also have hurt the values of mortgage-backed securities. PennyMac Mortgage Trust (...