PennyMac Mortgage Investment decision Believe in Declares Initial Quarter 2021 Dividends for Its Most popular Shares

PennyMac Home finance loan Financial commitment Belief (NYSE: PMT) declared today that its Board of Trustees has declared cash dividends for the very first quarter of 2021 on its 8.125% Series A Fixed-to-Floating Amount Cumulative Redeemable Chosen Shares of Helpful Curiosity (the “Series A Preferred Shares”) (NYSE: PMT PrA) and its 8.00% Sequence B Preset-to-Floating Rate Cumulative Redeemable Favored Shares of Effective Fascination (the “Sequence B Most popular Shares”) (NYSE: PMT PrB).

In accordance with the terms for every preferred sequence, the dividend details is as follows:

About PennyMac Mortgage Expense Trust

PennyMac House loan Expenditure Have confidence in is a home finance loan authentic estate financial commitment rely on (REIT) that invests mainly in residential home finance loan financial loans and property finance loan-connected property. PMT is externally managed by PNMAC Funds Management, LLC, a wholly-owned subsidiary of PennyMac Money Providers, Inc. (NYSE: PFSI). Added details about PennyMac Home loan Expenditure Rely on is out there at www.PennyMac-REIT.com.

Ahead-Wanting Statements

This press launch includes forward-on the lookout statements in the indicating of Section 21E of the Securities Exchange Act of 1934, as amended, pertaining to management’s beliefs, estimates, projections and assumptions with regard to, among other points, the Company’s money benefits, foreseeable future operations, company plans and investment decision strategies, as very well as marketplace and marketplace conditions, all of which are issue to alter. Terms like “think,” “assume,” “foresee,” “promise,” “system,” and other expressions or terms of similar meanings, as well as long run or conditional verbs these as “will,” “would,” “should really,” “could,” or “could” are usually intended to recognize forward-searching statements. Precise benefits and functions for any long run interval might vary materially from people projected herein and from previous results discussed herein. Things which could cause precise benefits to vary materially from historical final results or all those anticipated incorporate, but are not confined to: our publicity to pitfalls of decline and disruptions in operations ensuing from adverse weather conditions ailments, man-created or purely natural disasters, local weather change and pandemics these kinds of as COVID-19 the affect to our CRT agreements of increased borrower requests for forbearance less than the CARES Act modifications in the Company’s financial investment targets or expenditure or operational methods, which includes any new strains of company or new products and providers that may possibly issue it to further challenges volatility in the Company’s industry, the personal debt or fairness marketplaces, the basic economic climate or the true estate finance and authentic estate markets specifically, no matter whether the end result of sector gatherings or normally functions or conditions which undermine self esteem in the fiscal and housing marketplaces or or else have a wide effects on financial and housing marketplaces, these types of as the unexpected instability or collapse of substantial depository establishments or other sizeable corporations, terrorist assaults, natural or artifical disasters, or threatened or actual armed conflicts improvements in standard business, economic, sector, work and domestic and intercontinental political situations, or in shopper self esteem and shelling out practices from all those predicted declines in authentic estate or considerable adjustments in U.S. housing rates or exercise in the U.S. housing sector the availability of, and stage of competitiveness for, attractive chance-altered expenditure opportunities in home finance loan loans and mortgage-associated property that satisfy the Company’s expense aims the inherent problem in successful bids to receive mortgage loan financial loans, and the Company’s good results in executing so the focus of credit rating threats to which the Organization is uncovered the degree and mother nature of the Company’s levels of competition the Company’s dependence on its supervisor and servicer, likely conflicts of curiosity with this sort of entities and their affiliate marketers, and the efficiency of this sort of entities variations in personnel and lack of availability of competent personnel at its supervisor, servicer or their affiliate marketers the availability, conditions and deployment of quick-phrase and prolonged-expression funds the adequacy of the Company’s cash reserves and functioning capital the Company’s capability to retain the desired romantic relationship involving its funding and the curiosity prices and maturities of its assets the timing and sum of income flows, if any, from the Company’s investments unanticipated raises or volatility in financing and other fees, such as a rise in interest prices our substantial amount of indebtedness the performance, fiscal problem and liquidity of debtors the skill of the Company’s servicer, which also provides the Organization with achievement products and services, to approve and keep track of correspondent sellers and underwrite financial loans to investor benchmarks incomplete or inaccurate details or documentation provided by customers or counterparties, or adverse variations in the fiscal ailment of the Company’s prospects and counterparties the Company’s indemnification and repurchase obligations in connection with mortgage financial loans it purchases and afterwards sells or securitizes the top quality and enforceability of the collateral documentation evidencing the Company’s possession and rights in the belongings in which it invests increased fees of delinquency, default and/or decreased restoration prices on the Company’s investments the functionality of mortgage loan loans fundamental mortgage loan backed securities in which the Firm retains credit history threat the Company’s ability to foreclose on its investments in a timely way or at all amplified prepayments of the home loans and other financial loans underlying the Company’s mortgage loan-backed securities or relating to the Company’s property finance loan servicing rights, extra servicing spread and other investments the degree to which the Company’s hedging procedures may well or may not shield it from curiosity charge volatility the influence of the precision of or alterations in the estimates the Enterprise makes about uncertainties, contingencies and asset and liability valuations when measuring and reporting on the Company’s fiscal affliction and success of functions the Company’s skill to sustain proper internal regulate more than economical reporting technologies for financial loans and the Company’s potential to mitigate protection risks and cyber intrusions the Company’s potential to get hold of and/or keep licenses and other approvals in all those jurisdictions wherever expected to carry out its enterprise the Company’s means to detect misconduct and fraud the Company’s means to comply with various federal, state and neighborhood regulations and laws that govern its business developments in the secondary markets for the Company’s mortgage financial loan products legislative and regulatory variations that influence the house loan loan business or housing current market modifications in regulations or the incidence of other occasions that effect the small business, operations or prospective customers of authorities businesses this sort of as the Government Countrywide Property finance loan Affiliation, the Federal Housing Administration or the Veterans Administration, the U.S. Section of Agriculture, or govt-sponsored entities these as the Federal National Mortgage Affiliation or the Federal Residence Bank loan Home finance loan Company, or this kind of improvements that maximize the price tag of executing company with this sort of entities the Dodd-Frank Wall Road Reform and Buyer Safety Act and its implementing rules and regulatory organizations, and any other legislative and regulatory adjustments that effects the enterprise, operations or governance of home loan loan companies and/or publicly traded companies the Client Economic Protection Bureau and its issued and long run principles and the enforcement thereof improvements in federal government assistance of homeownership changes in government or authorities-sponsored property affordability programs constraints imposed on the Company’s organization and its means to satisfy elaborate procedures for it to qualify as a REIT for U.S. federal money tax needs and qualify for an exclusion from the Investment Organization Act of 1940 and the skill of specific of the Company’s subsidiaries to qualify as REITs or as taxable REIT subsidiaries for U.S. federal profits tax reasons, as relevant, and the Company’s capacity and the skill of its subsidiaries to function efficiently within the limits imposed by these policies alterations in governmental regulations, accounting remedy, tax premiums and very similar issues (which include alterations to laws governing the taxation of REITs, or the exclusions from registration as an investment company) the Company’s skill to make distributions to its shareholders in the potential the Company’s failure to offer properly with concerns that may perhaps give rise to reputational hazard and the Company’s organizational composition and selected requirements in its charter files. You should not position undue reliance on any forward-on the lookout statement and should really think about all of the uncertainties and hazards explained previously mentioned, as well as those people more totally discussed in reviews and other files filed by the Enterprise with the Securities and Trade Commission from time to time. The Organization undertakes no obligation to publicly update or revise any forward-on the lookout statements or any other info contained herein, and the statements created in this press launch are existing as of the day of this launch only.

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Isaac Back garden
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