The Board of Trustees of PennyMac Mortgage Investment Trust (NYSE: PMT)
declared a cash dividend of $0.61 per common share of beneficial
interest for the second quarter of 2015. This dividend will be paid on
July 30, 2015 to common shareholders of record as of July 16, 2015.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate investment
trust (REIT) that invests primarily in residential mortgage loans and
mortgage-related assets. PennyMac Mortgage Investment Trust trades on
the New York Stock Exchange under the symbol "PMT" and is externally
managed by PNMAC Capital Management, LLC, an indirect subsidiary of
PennyMac Financial Services, Inc. (NYSE: PFSI) Additional information
about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, regarding management’s beliefs, estimates, projections and
assumptions with respect to, among other things, the Company’s financial
results, future operations, business plans and investment strategies, as
well as industry and market conditions, all of which are subject to
change. Words like “believe,” “expect,” “anticipate,” “promise,” “plan,”
and other expressions or words of similar meanings, as well as future or
conditional verbs such as “will,” “would,” “should,” “could,” or “may”
are generally intended to identify forward-looking statements. Actual
results and operations for any future period may vary materially from
those projected herein and from past results discussed herein. Factors
which could cause actual results to differ materially from historical
results or those anticipated include, but are not limited to: changes in
our investment objectives or investment or operational strategies,
including any new lines of business or new products and services that
may subject us to additional risks; volatility in our industry, the debt
or equity markets, the general economy or the real estate finance and
real estate markets specifically; events or circumstances which
undermine confidence in the financial markets or otherwise have a broad
impact on financial markets; changes in general business, economic,
market, employment and political conditions, or in consumer confidence
and spending habits from those expected; declines in real estate or
significant changes in U.S. housing prices or activity in the U.S.
housing market; the availability of, and level of competition for,
attractive risk-adjusted investment opportunities in mortgage loans and
mortgage-related assets that satisfy our investment objectives; the
inherent difficulty in winning bids to acquire distressed loans or
correspondent loans, and our success in doing so; the concentration of
credit risks to which we are exposed; the degree and nature of our
competition; the availability, terms and deployment of short-term and
long-term capital; the adequacy of our cash reserves and working
capital; our ability to maintain the desired relationship between our
financing and the interest rates and maturities of our assets; the
timing and amount of cash flows, if any, from our investments;
unanticipated increases or volatility in financing and other costs,
including a rise in interest rates; the performance, financial condition
and liquidity of borrowers; incomplete or inaccurate information or
documentation provided by customers or counterparties, or adverse
changes in the financial condition of our customers and counterparties;
changes in the number of investor repurchases or indemnifications and
our ability to obtain indemnification or demand repurchase from our
correspondent sellers; increased rates of delinquency, default and/or
decreased recovery rates on our investments; increased prepayments of
the mortgages and other loans underlying our mortgage-backed securities
or relating to our mortgage servicing rights, excess servicing spread
and other investments; the degree to which our hedging strategies may or
may not protect us from interest rate volatility; the effect of the
accuracy of or changes in the estimates we make about uncertainties,
contingencies and asset and liability valuations when measuring and
reporting upon our financial condition and results of operations;
changes in regulations or the occurrence of other events that impact the
business, operation or prospects of government sponsored enterprises;
changes in government support of homeownership; changes in governmental
regulations, accounting treatment, tax rates and similar matters; our
ability to satisfy complex rules in order to qualify as a REIT for U.S.
federal income tax purposes; and our ability to make distributions to
our shareholders in the future. You should not place undue reliance on
any forward-looking statement and should consider all of the
uncertainties and risks described above, as well as those more fully
discussed in reports and other documents filed by the Company with the
Securities and Exchange Commission from time to time. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements or any other information contained herein,
and the statements made in this press release are current as of the date
of this release only.
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