Mortgage REIT PennyMac Mortgage Investment Trust (PMT) has announced they will be selling a new issue of fixed rate perpetual preferred stock.
PMT has 2 fixed to floating rate preferreds currently outstanding which can be seen here. Neither issue is currently redeemable.
The permanent ticker will be PMT-C after the issue spends a few days on the OTC grey market (ticker not yet announced).
Eugene was on top of this one and EarlyBird posits yield talk in the 6.75% – 6.875% area.