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PennyMac Mortgage Investment Trust T.PMT


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

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.


NYSE:PMT - Post by User

Post by rainbow1997on Sep 15, 2021 8:14am
420 Views
Post# 33860500

"Another Day in Paradise"

"Another Day in Paradise"

Clayton Howard Riddell(July 13, 1937 – September 15, 2018), Canadian businessman, founder and chairman of Perpetual Energy.

 
Born on a farm near Treherne, Manitoba, Clay graduated with a bachelor of science degree in geology from the University of Manitoba in 1959 before moving to Alberta to start his career in oil and gas.
 
Getting his start at Chevron Standard, he would go on to found many oil and gas companies throughout his career, most notably Paramount Resources which he founded in 1976(IPO in 1978) and of which he was Chairman at the time of his passing. 
 
In 2006, Mr. Riddell was inducted into the Calgary Business Hall of Fame and in 2008 he was made an Officer of the Order of Canada.  He shared his love of sport, education, industry and community with those closest to him and leaves behind a legacy that will last many lifetimes. 
 
His legacy in the industry is carried on by his children, daughter Sue Riddell Rose and son Jim Riddell. 
 
“I always tell people that I started several small oil companies because I wasn’t smart enough to run a big one...I don’t think I’ve ever thought about legacy, It’s been a fun journey...We’re looking at least one more generation trying it out, we’re hoping that it will stay in the family and be part of the Canadian landscape for a while." (2018.5)
 
 
God bless Alberta
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