PennyMac Mortgage Investment Trust Files 8-K

TL;DR

PMT filed an 8-K detailing material agreements, financial obligations, and equity sales.

AI Summary

On May 21, 2024, PennyMac Mortgage Investment Trust entered into a material definitive agreement related to its Series C Preferred Stock. The company also reported on the creation of a direct financial obligation and unregistered sales of equity securities. Specific details regarding the financial obligations and equity sales are not fully elaborated in this initial filing.

Why It Matters

This filing indicates significant financial activities and potential new obligations for PennyMac Mortgage Investment Trust, which could impact its financial structure and future performance.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements, financial obligations, and unregistered equity sales, which can introduce financial risks and require further scrutiny.

Key Players & Entities

• PennyMac Mortgage Investment Trust (company) — Registrant
• May 21, 2024 (date) — Date of earliest event reported
• Series C Preferred Stock (security) — Subject of material definitive agreement

FAQ

Key Financial Figures

• $0.01 — Common Shares of Beneficial Interest, $0.01 par value PMT New York Stock Exchan
• $200 million — nvestment Trust (the "Company"), issued $200 million aggregate principal amount of the Issue
• $195.3 m — ds from the offering were approximately $195.3 million, after deducting the Initial Purc
• $30 million — option to purchase up to an additional $30 million aggregate principal amount of the Excha
• $29.3 million — nal net proceeds of up to approximately $29.3 million. The net proceeds from the offering are
• $1,000 — tially equals 63.3332 Common Shares per $1,000 principal amount of Exchangeable Notes
• $15.79 — initial exchange price of approximately $15.79 per Common Share). The exchange rate wi

Filing Documents

• d840740d8k.htm (8-K) — 45KB
• d840740dex42.htm (EX-4.2) — 453KB
• d840740dex991.htm (EX-99.1) — 18KB
• g840740g0519173730178.jpg (GRAPHIC) — 6KB
• 0001193125-24-147084.txt ( ) — 795KB
• pmtu-20240521.xsd (EX-101.SCH) — 4KB
• pmtu-20240521_def.xml (EX-101.DEF) — 14KB
• pmtu-20240521_lab.xml (EX-101.LAB) — 24KB
• pmtu-20240521_pre.xml (EX-101.PRE) — 15KB
• d840740d8k_htm.xml (XML) — 9KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Indenture for Senior Debt Securities, dated as of April 30, 2013, among the Issuer, the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K filed on April 30, 2013) 4.2 Fourth Supplemental Indenture, dated as of May 24, 2024, among the Issuer, the Company and The Bank of New York Mellon Trust Company, N.A., as trustee 4.3 Form of 8.500% Exchangeable Senior Notes due 2029 (included in Exhibit 4.2) 99.1 Press release dated May 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 24, 2024 PENNYMAC MORTGAGE INVESTMENT TRUST /s/ Daniel S. Perotti Name: Daniel S. Perotti Title: Senior Managing Director and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR