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PennyMac Mortgage Investment Trust, 6.75% Series C Cumulative Preferred Shares
Ticker Symbol: PMT-C     CUSIP: 70931T509     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  PennyMac Mortgage Investment Trust, 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25 per share, redeemable at the issuer's option on or after 08/24/2026 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions at a fixed rate equal to 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be the first day of the calendar month in which the payment date falls (NOTE: the ex-dividend date is one business day prior to the record date).

Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.

Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details).

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Go to Parent Company's Record (PMT)

IPO - 8/17/2021 - 10.00 Million Shares @ $25/share.    Link to IPO Prospectus
Previous Ticker Symbol: PMTCP    Changed: 8/26/2021
Market Value $250.0 Million

Company's Online Information Links
HOME PAGE:     https://pennymacmortgageinvestmenttrust.com
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address InvestorRelations@pnmac.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   3043 Townsgate Road, Westlake Village, CA 91361
Main Phone Number 818-224-7442
Fax Number Not Available
Investor Relations   Kevin Chamberlain 818-224-7028
CEO - David A. Spector CFO - Daniel S. Perotti

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Latest Update: 8/7/2023