Recent Updates — PMTW

PennyMac Mortgage Investment Trust reported second quarter 2026 financial results on July 29, 2026. The company generated net income attributable to common shareholders of $20 million, or $0.23 per diluted share, compared to a loss in the prior year period. Net investment income was $73 million, down 11% from the first quarter but up 4% year-over-year. Book value per share declined 1% to $14.83 at June 30, 2026. The company closed six securitizations totaling $2.2 billion in unpaid principal balance, generating $120 million of net new investments in non-Agency subordinate bonds. Management announced a strategic shift to reduce exposure to mortgage servicing rights by agreeing to sell $13 billion in UPB and stopping Agency-eligible loan acquisitions in the correspondent channel. The company declared a quarterly dividend of $0.40 per common share, consistent with previous quarters. PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets.

PennyMac Mortgage Investment Trust elected Scott Sauer as a Class III Trustee and a member of the Risk Committee on June 15, 2026. Mr. Sauer will receive an annual base retainer of $105,000, a $7,750 annual committee retainer, and a one-time $130,000 restricted share unit grant. Additionally, the Company held its Annual Meeting of Shareholders on June 16, 2026, where shareholders approved the election of three Class II trustee nominees, ratified Deloitte & Touche LLP as the independent auditor for 2026, and approved executive compensation via a non-binding vote. The Company operates in the real estate finance industry as a mortgage investment trust.