PennyMac Mortgage Investment Trust PMT today announced the pricing of
an underwritten public offering of 15,000,000 common shares of beneficial
interest (“shares”). The underwriters have a 30-day option from the date of
the offering to purchase up to an additional 2,250,000 shares from the
Company. The underwriters have offered the shares from time to time for sale
in one or more transactions on the New York Stock Exchange, in the
over-the-counter market, through negotiated transactions or otherwise at
market prices prevailing at the time of sale. Settlement of the offering is
subject to customary closing conditions and is expected to occur on August 22,
2012. All of the shares were offered by the Company and will be issued under
the Company's currently effective shelf registration statement filed with the
Securities and Exchange Commission.
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