PennyMac Mortgage Investment Trust Buyback
OLI recorded this information on 2/24/2016
Company: |
PennyMac Mortgage Investment Trust |
Buyback: |
PMT buyback |
$Amount Authorized: |
$200,000,000 |
Buyback Details: |
PennyMac Mortgage Investment Trust (NYSE:PMT) today announced that its Board of Trustees has authorized an increase in its previously announced share repurchase program to $200 million. Under the program, the Company may repurchase its outstanding common shares of beneficial interest. To date this year, the Company has repurchased 2.7 million common shares at a cost of $30.9 million. Including amounts repurchased last year, the Company has repurchased a total of 3.7 million common shares under the program at a cost of $46.9 million. |
PennyMac Mortgage Investment Trust is a holding company. Through its subsidiaries, Co. is a finance company that invests primarily in mortgage-related assets. Co. conducts substantially all of its operations, and makes substantially all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. Co.'s business includes three segments: credit sensitive strategies, which includes Co.'s investments in credit risk transfer; interest rate sensitive strategies, which includes Co.'s investments in mortgage servicing rights; and correspondent production, which represents Co.'s operations aimed at serving as an intermediary between lenders and the capital markets.
PMT SEC Filing Email Alerts Service
Preferreds: PMT.PRA, PMT.PRB, PMT.PRC
Open the PMT Page at The Online Investor »
Company Name: |
Pennymac Mortgage Investment Trust |
Stock buyback: |
PMT buyback |
Website: |
www.pennymacmortgageinvestmenttrust.com |
Sector: |
REITs |
Number of ETFs Holding PMT: |
48 |
Total Market Value Held by ETFs: |
$349.73M |
Total Market Capitalization: |
$1.24B |
% of Market Cap. Held by ETFs: |
28.14% |
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