Kessler Topaz is investigating potential class claims against PennyMac Mortgage Investment Trust (“PennyMac”) on behalf of current shareholders of PennyMac’s fixed-to-floating rate Series A Preferred Shares (NYSE: PMT-PA) and/or Series B (NYSE: PMT- PB) Preferred Shares (together, “Preferred Shares,” or “Series A and B,” respectively) related to breach of contracts. Specifically, our investigation concerns whether the company breached the contracts for each of these Preferred Shares when it made the decision to calculate the quarterly dividend payment at a “fixed” rate which excludes the additional percentage spreads from the dividend rates that Series A and B stockholders are entitled to receive under the terms of their respective contracts.
Contact us today if you purchased PennyMac Preferred Series A shares on or before March 15, 2024 and/or purchased Series B shares on or before June 15, 2024. You can fill out our online form below, call us at 484-270-1453 or email us at info@ktmc.com.