PennyMac Mortgage launches secondary offering

|About: PennyMac Mortgage Invest... (PMT)|By:, SA News Editor

PennyMac Mortgage Investment Trust (PMT) announces a 11.3M share secondary with greenshoe option of 1.695M. If the greenshoe is exercised, it would add 22% to the float.

Shares -2.8% AH.