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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

Comment by MrInvesteron Oct 05, 2022 6:30am
485 Views
Post# 35005997

RE:RE:Oldfart74

RE:RE:Oldfart74That is interesting. Susan Rose is Mike Roses. Hmmmm
What is this? Copied from Wikipedia. 

Tourmaline bought out partner Perpetual Energy in March 2015. The two companies had a joint venture to develop oil and gas properties in the West Edson gas field of west-central Alberta. Tourmaline gained the mineral rights by giving Perpetual Energy about 6.75 million share of Tourmaline stock, worth approximately CAN$256.5 million.[17] Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife.[18] The following June, Tourmaline purchased Mapan Energy for CAN$106 million in stock. Mapan had purchased Duvernay Oil assets in the Deep Basin and Rocky Mountain Foothills from Shell Canada.[19]
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