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PennyMac Mortgage Investment Corp 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Sold      6/27/2017

Shares Issued    7,000,000   Overallotment Shares   1,050,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol     PMT-B      OTC Grey Market     PNNMP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2017

Quarterly Dividend   .50   Annual Dividend   2.00

Securities may be redeemed, at the issuers option, as early as 6/15/2024 for a redemption price of $25/share plus accrued dividends.

Coupon is fixed at 8% until 6/15/2024 after which it floats at 5.99% 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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