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PennyMac Mortgage Investment Trust (PMT) |


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WIKI ANALYSIS| This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals LogMeIn Invesco Mortgage Capital Medidata Chemspec |
PennyMac Mortgage Investment Trust (NYSE:PMT) is a newly-formed real estate investment trust (REIT) that intends to acquire residential mortgage loans and mortgage-related assets. The company will be externally managed and advised by PNMAC Capital Management, LLC ("PCM") and serviced by PennyMac Loan Services, LLC ("PLS"). PCM and PLS are both part of the PennyMac organization, which is supported by strategic investors BlackRock, Inc (37%) and Highfields Capital Investments, LLC (37%). Because the company is a newly-formed entity, it has no prior operating history. The company's initial public offering (IPO) of stock is scheduled for 29 July 2009. It plans to sell 16 million shares at $20.00 per share to raise a total of $320 million.



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