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PennyMac Mortgage Investment Trust 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 8.125% until 3/15/2024 after which it floats at a rate of 3 month Libor plus a spread of 5.831%

Ticker: PMT-A

Parent Ticker: PMT

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/09/2017

1st Call Date: 03/15/2024

Maturity Date: None

Shares Issued: 4,600,000

Overallotment Shares: 690,000

Coupon: 8.125%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.507

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR