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PennyMac Mortgage Investment Corp 8.125% Series A Fixed to Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Sold      3/2/2017

Shares Issued    4,600,000   Overallotment Shares   690,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol     PMT-A      OTC Grey Market     PNNYP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 6/15/2017

Quarterly Dividend   .507   Annual Dividend   2.0312

Securities may be redeemed, at the issuers option, as early as 3/30/2024 for a redemption price of $25/share plus accrued dividends.

Coupon is fixed at 8.125% until 3/15/2024 after which it floats at 5.831% plus 3 month Libor.

Dividend Payment Will NOT be a Qualified Distributions (REIT Preferred Share dividends are not Qualifying Dividends)

Maturity Date   None

 

Company Investor Relations Page for PennyMac Mortgage Investment

Click Here to find the offering Prospectus and/or Final Pricing Document

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