PennyMac Mortgage Investment Trust Pref Series B (PMT_pb)

PennyMac Mortgage Investment Trust Pref Series B (PMT.PRB) is a preferred stock issue associated with PennyMac Mortgage Investment Trust, a mortgage REIT listed on the NYSE. The trust, through its subsidiary, invests primarily in residential mortgage-related assets in the United States. Its activities are organized across three segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production.

The Credit Sensitive Strategies segment includes investments in credit risk transfer agreements and subordinate and credit-linked mortgage-backed securities. The Interest Rate Sensitive Strategies segment focuses on mortgage servicing rights, agency and senior non-agency mortgage-backed securities, collateralized mortgage obligations, and related interest rate hedging activities. The Correspondent Production segment purchases, pools, and resells newly originated prime credit quality loans, either directly or as mortgage-backed securities, with loans primarily sold to government-sponsored enterprises. PennyMac Mortgage Investment Trust elected REIT status and is generally not subject to U.S. federal income tax on taxable income distributed to shareholders. The trust was incorporated in 2009 and is headquartered in Westlake Village, California.

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