Q1 2019 PennyMac Mortgage Investment Trust Earnings Call Transcript
Good afternoon, and welcome to the first 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 turn the discussion over to Stan Kurland, PMT's Executive Chairman.
Thank you, Chris. Let's begin with Slide 3.
PMT's first quarter results reflects strong performance of our CRT investments resulting from continued growth of the investment and credit spread tightening that reversed valuation-related losses from the prior quarter. PMT reported net income attributable to common shareholders of $47.3 million or $0.68 per share compared to $35.3 million or $0.55
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