PennyMac Mortgage Investment Fund Announces Third Quarter 2021 Dividends On Its Preferred Shares

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WESTLAKE VILLAGE, California, August 19, 2021– (BUSINESS WIRING) – PennyMac Mortgage Investment Fund (NYSE: PMT) announced today that its Board of Trustees has announced a cash dividend for the third quarter of 2021 on a fixed or floating rate 8.125% aggregate redeemable preference share, Series A (Series A Preference Shares A ”) (NYSE: PMT PrA) and its 8.00% cumulative redeemable fixed or floating rate B Series Preference (“ B Series Preference Shares ”) (NYSE: PMT PrB).

In accordance with the terms for each preferred series, the dividend information is as follows:

Series

Ticker

Annual
Dividend rate

Dividend on
Share

Date of recording

payment date

A

PMT PrA

8.125%

0.50 7813

September 1, 2021

September 15, 2021

B

PMT PrB

8.000%

USD 0.500,000

September 1, 2021

September 15, 2021

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a Real Estate Mortgage Investment Trust (REIT) that invests primarily in home mortgages and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a 100% subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). More information about PennyMac Mortgage Investment Trust is available on the website www.PennyMac-REIT.com

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 21E of the Stock Exchanges Act 1934, as amended, relating to the beliefs, estimates, projections and assumptions of management regarding, inter alia, the Company’s financial results, future operations, business plans and investment strategies, and also industry and market conditions, which are subject to change. Words such as “believe”, “expect”, “expect”, “promise”, “plan” and other expressions or words with a similar meaning, as well as future or conditional verbs such as “will”, “will”, ” follows. ” , “Could” or “may” are commonly used to indicate forward-looking statements. Actual results and transactions for any future period could differ materially from those forecast here and from the past results discussed here. Factors that could cause actual results to differ materially from historical or expected results include, but are not limited to: our exposure to the risks of loss and disruption due to adverse weather conditions, man-made or natural disasters, climate change and pandemics. such as COVID-19; the impact on our CRT agreements of increasing requests from borrowers for abstinence under the CARES Act; changes in the investment objectives, investment or operating strategies of the Company, including any new lines of business or new products and services that may expose it to additional risks; instability in the Company’s industry, in debt or equity markets, in the economy in general or in real estate financing and, in particular, in real estate markets, whether as a result of market events or otherwise; events or circumstances that undermine confidence in the financial and housing markets, or otherwise have a broad impact on financial and housing markets, such as sudden instability or collapse of large depository institutions or other significant corporations, terrorist attacks, natural or man-made disasters or threats or actual armed conflicts; elimination of the FHFA commission for refinancing an unfavorable market; changes in general business, economic, market, labor and domestic and international political conditions or in consumer confidence and spending from what is expected; declining real estate prices or significant changes in US home prices or activity in the US housing market; the existence and level of competition for attractive risk-adjusted investment opportunities in mortgage loans and mortgage-related assets that meet the investment objectives of the Company; the inherent complexity of winning mortgage loans and the Company’s success in doing so; concentration of credit risks to which the Company is exposed; the degree and nature of the Company’s competition; dependence of the Company on its manager and service person, potential conflicts of interest with such organizations and their affiliates, as well as the results of the activities of such organizations; changes in personnel and the lack of qualified personnel at its manager, service center or their affiliates; availability, timing and placement of short-term and long-term capital; sufficiency of cash reserves and working capital of the Company; the Company’s ability to maintain the desired balance between its funding and the interest rates and maturities of its assets; the timing and amount of cash flows, if any, from the Company’s investments; unexpected increases or volatility in funding and other costs, including changes in interest rates; our significant debt; results of operations, financial condition and liquidity of borrowers; the ability of the Company’s service department, which also provides the Company with fulfillment services, to approve and monitor relevant sellers and guarantee loans in accordance with investor standards; incomplete or inaccurate information or documentation provided by clients or counterparties, or adverse changes in the financial condition of the Company’s clients and counterparties; the Company’s indemnification and repurchase obligations in connection with mortgage loans that it purchases and then sells or securitizes; the quality and the possibility of compulsory execution of collateral documentation confirming the ownership and rights of the Company to the assets in which it invests; an increase in indicators of delays in payments, defaults and / or a decrease in the rates of return on investments of the Company; granting mortgage loans for mortgage-backed securities for which the Company retains credit risk; the Company’s ability to withdraw its investments on time or at all; an increase in prepayments for mortgages and other loans underlying the Company’s mortgage securities or related to the Company’s rights to service mortgage loans and other investments; the extent to which the Company’s hedging strategies may or may not protect it from interest rate volatility; the impact of the accuracy or changes in estimates that the Company makes in relation to uncertainties, unforeseen circumstances and estimates of assets and liabilities in assessing the financial condition and results of operations of the Company and preparing the corresponding reporting; the Company’s ability to maintain adequate internal controls over financial reporting; technologies for obtaining loans and the Company’s ability to mitigate security risks and cyber intrusions; the Company’s ability to obtain and / or maintain licenses and other permits in those jurisdictions where it is necessary to conduct its business; the Company’s ability to detect misconduct and fraud; the Company’s ability to comply with various federal, state and local laws and regulations that govern its operations; development of secondary markets for the Company’s mortgage loan products; legislative and regulatory changes affecting the mortgage lending industry or the housing market; changes in rules or other events that affect the business, operations or prospects of government agencies such as the State National Mortgage Association, the Federal Housing Administration or the Department of Veterans Affairs, the USDA, or government-sponsored organizations such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation or such changes that increase the cost of doing business with such organizations; The Dodd-Frank Wall Street Reform and Consumer Protection Act and its by-laws and regulations, as well as any other legislative and regulatory changes that affect the business, operations or management of mortgage lenders and / or publicly traded companies; The Consumer Financial Protection Bureau and its issued and future regulations and their compliance; changes in government support for home ownership; changes to public or government-sponsored housing affordability programs; restrictions on the Company’s business and its ability to comply with complex regulations in order to qualify as a REIT for U.S. federal income tax purposes and be eligible for exemption from the Investment Companies Act of 1940, as well as the ability of some of the company’s subsidiaries to qualify as a REIT or taxable REIT subsidiaries for US federal income tax purposes, as the case may be, and the Company’s ability and ability of its subsidiaries to operate effectively within the limits imposed by these rules; changes in government regulations, accounting procedures, tax rates and similar matters (including changes in laws governing REIT taxation, or exclusions from registration as an investment company); the Company’s ability to make payments to its shareholders in the future; the Company’s failure to properly resolve issues that could lead to reputational risk; organizational structure of the Company and certain requirements of its statutory documents. You should not place undue reliance on any forward-looking statements and should take into account all the uncertainties and risks described above, as well as those discussed in more detail in the reports and other documents that the Company periodically submits to the Securities and Exchange Commission. … The company assumes no obligation to publicly update or revise any forward-looking statements or any other information contained in this document, and the statements made in this press release are current only as of the date of this release.

See the original version at businesswire.com: https://www.businesswire.com/news/home/20210819005275/en/

Contacts

mass media
Christine Clarke
(805) 395-9943

Investors
Kevin Chamberlain
Isaac’s garden
(818) 224-7028

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