Q3 2019 PennyMac Mortgage Investment Trust Earnings Call - Prerecorded Transcript
Good afternoon and welcome to the Third quarter Earnings Discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available from PennyMac Mortgage Investment Trust 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 turn the discussion over to Stan Kurland, PMT's Executive Chairman.
Thank you, Isaac. Let's begin with Slide 3. PMT reported net income attributable to common shareholders of $63.8 million or $0.71 per share, representing an annualized return on average common equity of 14%. Book value per common share increased to $21.14 at quarter end from $20.79 at June 30. And PMT paid a dividend of $0.47 per share for the quarter. PMT reports results through 4 segments: Credit Sensitive Strategies, which contributed $51.9 million in pretax income; Interest
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