PennyMac Mortgage Investment Trust Declares Fourth Quarter 2022 Dividend for Its Common Shares
07 Décembre 2022 - 1:30PM
Business Wire
PennyMac Mortgage Investment Trust (NYSE: PMT) announced today
that its Board of Trustees declared a cash dividend of $0.40 per
common share of beneficial interest for the fourth quarter of 2022.
This dividend will be paid on January 27, 2023, to common
shareholders of record as of December 30, 2022.
“PMT’s objective is to distribute its income through quarterly
dividends that reflect the earnings per share we expect from our
current investment strategies,” said Chairman and CEO David
Spector. “While the dividend was reduced as a result of current
projections for PMT’s earnings and taxable income, we believe a
quarterly dividend of $0.40 per common share remains an attractive
component of PMT’s total return potential. Additionally, we remain
confident in our ability to continue successfully managing
investments across a diverse set of mortgage-related strategies to
drive increased shareholder value over the longer-term.”
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate
investment trust (REIT) that invests primarily in residential
mortgage loans and mortgage-related assets. PMT is externally
managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary
of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional
information about PennyMac Mortgage Investment Trust is available
at www.PennyMac-REIT.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, regarding management’s beliefs, estimates, projections
and assumptions with respect to, among other things, the Company’s
financial results, future operations, business plans and investment
strategies, as well as industry and market conditions, all of which
are subject to change. Words like “believe,” “expect,”
“anticipate,” “promise,” “plan,” and other expressions or words of
similar meanings, as well as future or conditional verbs such as
“will,” “would,” “should,” “could,” or “may” are generally intended
to identify forward-looking statements. Actual results and
operations for any future period may vary materially from those
projected herein and from past results discussed herein. Factors
which could cause actual results to differ materially from
historical results or those anticipated include, but are not
limited to: changes in interest rates; our exposure to risks of
loss and disruptions in operations resulting from adverse weather
conditions, man-made or natural disasters, climate change and
pandemics such as COVID-19; the Company’s ability to comply with
various federal, state and local laws and regulations that govern
its business; the impact to our CRT agreements of increased
borrower requests for forbearance under the CARES Act; changes in
the Company’s investment objectives or investment or operational
strategies, including any new lines of business or new products and
services that may subject it to additional risks; volatility in the
Company’s industry, the debt or equity markets, the general economy
or the real estate finance and real estate markets; events or
circumstances which undermine confidence in the financial and
housing markets or otherwise have a broad impact on financial and
housing markets, such as the sudden instability or collapse of
large depository institutions or other significant corporations,
terrorist attacks, natural or manmade disasters, or threatened or
actual armed conflicts; changes in general business, economic,
market, employment and domestic and international political
conditions, or in consumer confidence and spending habits from
those expected; the degree and nature of the Company’s competition;
declines in real estate or significant changes in U.S. housing
prices or activity in the U.S. housing market; the availability of,
and level of competition for, attractive risk-adjusted investment
opportunities in mortgage loans and mortgage-related assets that
satisfy the Company’s investment objectives; the inherent
difficulty in winning bids to acquire mortgage loans, and the
Company’s success in doing so; the concentration of credit risks to
which the Company is exposed; the Company’s dependence on its
manager and servicer, potential conflicts of interest with such
entities and their affiliates, and the performance of such
entities; changes in personnel and lack of availability of
qualified personnel at its manager, servicer or their affiliates;
the availability, terms and deployment of short-term and long-term
capital; the adequacy of the Company’s cash reserves and working
capital; the Company’s ability to maintain the desired relationship
between its financing and the interest rates and maturities of its
assets; the timing and amount of cash flows, if any, from the
Company’s investments; our substantial amount of indebtedness; the
performance, financial condition and liquidity of borrowers; the
ability of the Company’s servicer, which also provides the Company
with fulfillment services, to approve and monitor correspondent
sellers and underwrite loans to investor standards; incomplete or
inaccurate information or documentation provided by customers or
counterparties, or adverse changes in the financial condition of
the Company’s customers and counterparties; the Company’s
indemnification and repurchase obligations in connection with
mortgage loans it purchases and later sells or securitizes; the
quality and enforceability of the collateral documentation
evidencing the Company’s ownership and rights in the assets in
which it invests; increased rates of delinquency, default and/or
decreased recovery rates on the Company’s investments; the
performance of mortgage loans underlying mortgage-backed securities
in which the Company retains credit risk; the Company’s ability to
foreclose on its investments in a timely manner or at all;
increased prepayments of the mortgages and other loans underlying
the Company’s mortgage-backed securities or relating to the
Company’s mortgage servicing rights and other investments; the
degree to which the Company’s hedging strategies may or may not
protect it from interest rate volatility; the effect of the
accuracy of or changes in the estimates the Company makes about
uncertainties, contingencies and asset and liability valuations
when measuring and reporting upon the Company’s financial condition
and results of operations; the Company’s ability to maintain
appropriate internal control over financial reporting; technologies
for loans and the Company’s ability to mitigate security risks and
cyber intrusions; the Company’s ability to obtain and/or maintain
licenses and other approvals in those jurisdictions where required
to conduct its business; the Company’s ability to detect misconduct
and fraud; developments in the secondary markets for the Company’s
mortgage loan products; legislative and regulatory changes that
impact the mortgage loan industry or housing market; changes in
regulations or the occurrence of other events that impact the
business, operations or prospects of government agencies such as
the Government National Mortgage Association, the Federal Housing
Administration or the Veterans Affairs, the U.S. Department of
Agriculture, or government-sponsored entities such as the Federal
National Mortgage Association or the Federal Home Loan Mortgage
Corporation, or such changes that increase the cost of doing
business with such entities; legislative and regulatory changes
that impact the business, operations or governance of mortgage
lenders and/or publicly-traded companies; the Consumer Financial
Protection Bureau and its issued and future rules and the
enforcement thereof; changes in government support of
homeownership; changes in government or government-sponsored home
affordability programs; limitations imposed on the Company’s
business and its ability to satisfy complex rules for it to qualify
as a REIT for U.S. federal income tax purposes and qualify for an
exclusion from the Investment Company Act of 1940 and the ability
of certain of the Company’s subsidiaries to qualify as REITs or as
taxable REIT subsidiaries for U.S. federal income tax purposes, as
applicable, and the Company’s ability and the ability of its
subsidiaries to operate effectively within the limitations imposed
by these rules; changes in governmental regulations, accounting
treatment, tax rates and similar matters; the Company’s ability to
make distributions to its shareholders in the future; the Company’s
failure to deal appropriately with issues that may give rise to
reputational risk; and the Company’s organizational structure and
certain requirements in its charter documents. You should not place
undue reliance on any forward-looking statement and should consider
all of the uncertainties and risks described above, as well as
those more fully discussed in reports and other documents filed by
the Company with the Securities and Exchange Commission from time
to time. The Company undertakes no obligation to publicly update or
revise any forward-looking statements or any other information
contained herein, and the statements made in this press release are
current as of the date of this release only.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221207005221/en/
Media Kristyn Clark kristyn.clark@pennymac.com (805)
395-9943
Investors Kevin Chamberlain Isaac Garden
investorrelations@pennymac.com (818) 224-7028
PennyMac Mortgage Invest... (NYSE:PMT)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
PennyMac Mortgage Invest... (NYSE:PMT)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024