PennyMac announces $174 million public stock offering

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PennyMac announces $174 million public stock offering

By Staff Report / Friday, August 9th, 2019 / Comments Off on PennyMac announces $174 million public stock offering

Westlake Village-based PennyMac Mortgage Investment Trust announced the offering of 8 million common shares of beneficial interest in an underwritten public offering on Aug. 8. The estimated gross proceeds from the offering total $174 million, $200 million if the option to purchase an additional 1.2 million shares in over-allotment is exercised in full. PennyMac disclosed in…

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