PennyMac Mortgage Investment Trust T.PMT

Primary Symbol: PMT Alternate Symbol(s): PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

Real Estate

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.

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PennyMac Mortgage Investment Trust

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Post by urekaon Nov 21, 2015 12:00am

89 Views

Post# 24311707

Where Does This Leave the Deb Holders?

So if the VWAP is .20 a share then the Deb holders get converted at .19 per share and the rights holders effective cost base is .0506 per share??? Where is the fairness in that? Where is the .3140 share per right in their example chart?? It is off the charts, totally unrealistic. The Big winner will be the B Stopper. JMHO

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