PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. The company's objective is to provide attractive risk-adjusted returns to its shareholders over the long-term, primarily through dividends and secondarily through capital appreciation. PennyMac Mortgage Investment Trust is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc.