PennyMac Mortgage Investment Trust T.PMT

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

Real Estate REIT - Diversified

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 theancienton Dec 23, 2015 7:59am

109 Views

Post# 24407282

hearing

The hearing continues today, are they going to cease trade the rights offering?, or cease the rights offering altogether?.
If they cease the rights offering, the debenture holders will end up owning the company, they can take it private easily. LOL
IMHBS the rights offering acts as poison-pill against unfriendly take-overs, in this case, its the debenture holders,LOL, at the same time, the rights offering give the suffering longs a chance to average down to maintain their proportional ownership. I guess Shammy is going in like Flint. LOL CHEERES GLTA.

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