PennyMac Mortgage Investment Trust at Barclays Global Financial Services Conference Transcript
Okay. Welcome back after a short intermission. We're ready for act 2 of the PennyMac show. I don't think I need to go through the introductions again, so I'll just hand it off to David for his comments.
Okay. Well, again, good afternoon and thank you for your interest in PennyMac Mortgage Investment Trust. I would like to begin my comments with a brief overview of PMT's business model and its historical performance.
Turning to Slide 3. PMT recently celebrated the 10th anniversary of its initial public offering. Leveraging the operational capabilities of our manager and service provider, PennyMac Financial, our investment strategies are focused on U.S. residential mortgage-related assets. These operational capabilities provide the ability to source investments organically through our correspondent acquisition activities. Our strategy since inception has been to offer investors
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