With PennyMac Q3 Results Out, Buy Their Preferred A Issue At 8.2%

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About: PennyMac Mortgage Investment Trust (PMT), PMT.PA, Includes: PMT.PB
by: Dividend Master
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Summary

The Pref-A issue was hurt by a book keeping change in an S&P index.

Many retail investors sold, not being aware of what caused the sell-off.

The company just put out incredibly good Q3 results.

PennyMac (NYSE:PMT) is a mortgage REIT with $1.2bln market cap. It has 2 preferred stock issues, an 8 1/8% series A (NYSE:PMT.PA) and an 8% series B (NYSE:PMT.PB) which