0001104659-17-041683.txt : 20170627 0001104659-17-041683.hdr.sgml : 20170627 20170627094049 ACCESSION NUMBER: 0001104659-17-041683 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170627 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170627 DATE AS OF CHANGE: 20170627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Mortgage Investment Trust CENTRAL INDEX KEY: 0001464423 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 270186273 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34416 FILM NUMBER: 17931291 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 8-K 1 a17-15723_18k.htm 8-K

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): June 27, 2017

PennyMac Mortgage Investment Trust

(Exact name of registrant as specified in its charter)

Maryland		001-34416		27-0186273
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3043 Townsgate Road, Westlake Village, California		91361
(address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (818) 224-7442

Not Applicable

(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))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01. Other Events.

PennyMac Mortgage Investment Trust is filing as Exhibit 12.1 to this Current Report on Form 8-K a Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Share Distributions, which includes the calculation of its historical ratio of earnings to combined fixed charges and preferred share distributions for the three months ended March 31, 2017.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description

12.1		Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Share Distributions

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.

Dated: June 27, 2017	PENNYMAC MORTGAGE INVESTMENT TRUST

	By:	/s/ Andrew S. Chang
	Name:	Andrew S. Chang
	Title:	Senior Managing Director and Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description

12.1		Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Share Distributions

EX-12.1 2 a17-15723_1ex12d1.htm EX-12.1

Exhibit 12.1

PennyMac Mortgage Investment Trust
Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Share Distributions

	Three months ended March 31,
	2017
Pre-tax income from continuing operations before adjustment for income or loss from equity investees	$	22,608
Add:
Fixed charges (see below)	37,179
Amortization of capitalized interest	—
Distributed income of equity investees	—
Share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges	—
	59,787
Less:
Capitalized interest	—
Preference security dividend requirements of consolidated subsidiaries	—
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges	—
Adjusted earnings	$	59,787

Fixed charges:
Interest expensed and capitalized	$	33,291
Amortized premiums, discounts and capitalized expenses related to indebtedness	3,888
Estimated interest within rental expense	—

Preference security dividend requirements of consolidated subsidiaries	—
Total fixed charges		37,179
Preferred share distributions(1)	571
Combined fixed charges and preferred share distributions	$	37,750

Ratio of earnings to fixed charges	1.6
Ratio of earnings to fixed charges and preferred share distributions(1)	1.6

(1) We issued the 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (the “Series A Preferred Shares”), on March 9, 2017 and the first distribution for the Series A Preferred Shares was paid on June 15, 2017.