Q4 2019 PennyMac Mortgage Investment Trust Earnings Call - Prerecorded Transcript

Feb 07, 2020

Feb 06, 2020 / 09:30PM GMT
Isaac Garden - PennyMac Mortgage Investment Trust - VP of IR

Good afternoon, and welcome to the fourth quarter earnings discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available from PennyMac Mortgage Investment Trust's website at www.pennymac-reit.com.

Before we begin, please take a few moments to read the disclaimer on Slide 2 of the presentation. Thank you.

Now I'd like to introduce Stan Kurland, PMT's Executive Chairman.

Stanford Lee Kurland - PennyMac Mortgage Investment Trust - Executive Chairman

Thank you, Isaac.

Before I turn it over to David, who will lead the earnings review going forward, I'd like to make a few high-level comments. I am pleased to note that PennyMac Mortgage Investment Trust was among the best-performing residential mortgage REITs in 2019. I am also pleased to note that since its inception over 10 years ago, PMT has delivered an outstanding annualized return to common shareholders of 12%,

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