UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 13, 2013
PennyMac Mortgage Investment Trust
(Exact name of registrant as specified in its charter)
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Maryland (State or other jurisdiction of incorporation) |
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001-34416 (Commission File Number) |
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27-0186273 (IRS Employer |
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6101 Condor Drive, Moorpark, California |
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93021 (Zip Code) |
Registrant’s telephone number, including area code: (818) 224-7442
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On August 13, 2013, PennyMac Mortgage Investment Trust, a Maryland real estate investment trust (the “Company”), PennyMac Operating Partnership, L.P., a Delaware limited partnership and the operating partnership of the Company (in such capacity, the “Operating Partnership”), and PNMAC Capital Management, LLC, a Delaware limited liability company and the manager of the Company (in such capacity, the “Manager”), entered into a Purchase Agreement (the “Purchase Agreement”) with Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (each, an “Underwriter” and collectively, the “Underwriters”), relating to the issuance and sale by the Company and the purchase by the Underwriters, severally, of 11,300,000 common shares of beneficial interest, par value $0.01 per share (the “Common Shares”). Pursuant to the Purchase Agreement, the Company granted the Underwriters a 30-day option to purchase up to an additional 1,695,000 Common Shares. The Company expects to receive net proceeds from the offering of approximately $249.4 million (or approximately $286.9 million if the Underwriters exercise in full their option to purchase additional Common Shares), after deducting its estimated expenses. The offering is expected to close on August 19, 2013.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit |
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Description |
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1.1 |
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Purchase Agreement, dated August 13, 2013, among the Company, the Operating Partnership, the Manager and the Underwriters |
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5.1 |
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Opinion of Venable LLP as to the legality of the Common Shares |
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23.1 |
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Consent of Venable LLP (included in Exhibit 5.1) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: August 19, 2013 |
PENNYMAC MORTAGE | |
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INVESTMENT TRUST | |
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By: |
/s/ Anne D. McCallion |
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Name: |
Anne D. McCallion |
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Title: |
Chief Financial Officer |