PMT-A PennyMac Mortgage 8.125% Series A Fixed-to-Floating Rate Cumulative Preferred

From, and including, the date of original issuance to, but not including, March 15, 2024, we will pay cumulative dividends on the Series A Preferred Shares at a fixed rate of 8.125% per annum based on the $25.00 per share liquidation preference, or $2.03125 per share. From, and including, March 15, 2024 and thereafter, we will pay cumulative dividends on the Series A Preferred Shares at a floating rate equal to three-month LIBOR as calculated on each applicable dividend determination date plus a spread of 5.831% per annum based on the $25.00 per share liquidation preference. We will pay quarterly cumulative dividends on the Series A Preferred Shares, in arrears, on the 15th day of each March, June, September and December, commencing on June 15, 2017. On or after March 15, 2024, we may, at our option, redeem any or all of the Series A Preferred Shares at $25.00 per share plus any accumulated and unpaid dividends thereon to, but not including, the redemption date.   This security was issued by PennyMac Mortgage Investment Trust, whose common stock symbol is PMT.

$26.18  +0.08 (0.31%)
As of 10/20/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  03/03/2017
Outstanding shares:  5,290,000
Average volume:  5,981
Market cap:   $138,069,000
Current dividend yield:  7.78%    calculation
Initial coupon rate:    8.125%
Spread to LIBOR: 0.058310
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   03/15/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    70931T301
ISIN:        US70931T3014
Sedol:      BF0BHG2

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