UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
PennyMac Mortgage Investment Trust
(Name of Issuer)
Common Shares, par value $0.01 per share
(Title of Class of Securities)
70931T103
(CUSIP Number)
December 31, 2009
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
----------------
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 16 Pages
CUSIP No. 70931T103 13G/A Page 2 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge International LLC
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
819,469 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
819,469 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
819,469 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.90%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 3 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge Long/Short Equity Fund, L.P.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
131,461 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
131,461 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
131,461 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.79%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
PN
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 4 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge Long/Short Equity Fund, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
266,445 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
266,445 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
266,445 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.59%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 5 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge Long/Short Institutional Fund, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
63,969 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
63,969 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
63,969 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.38%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 6 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Triton 245 Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
22,270 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
22,270 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
22,270 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.13%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 7 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge Managed Portfolio Master, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
32,610 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
32,610 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
32,610 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.19%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 8 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge Long-Term Equity Master Fund, L.P.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
17,776 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
17,776 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
17,776 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.11%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
PN
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 9 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Highbridge Capital Management, LLC
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,354,000 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,354,000 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,354,000 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.09%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
OO
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 10 of 16 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Glenn Dubin
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,354,000 Common Shares
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,354,000 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,354,000 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.09%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (see instructions)
IN
--------------------------------------------------------------------------------
CUSIP No. 70931T103 13G/A Page 11 of 16 Pages
This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13G
filed on August 11, 2009 (the "Original Schedule 13G" and the Original Schedule
13G as amended, the "Schedule 13G"), with respect to the common shares of
beneficial interest, $0.01 par value (the "Common Shares"), of PennyMac Mortgage
Investment Trust, a Maryland real estate investment trust (the "Company").
Capitalized terms used herein and not otherwise defined in this Amendment have
the meanings set forth in the Schedule 13G. This Amendment amends and restates
Items 2(a), 2(b), 2(c) and 4 in their entirety as set forth below.
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship
HIGHBRIDGE INTERNATIONAL LLC
----------------------------
c/o Harmonic Fund Services
The Cayman Corporate Centre, 4th Floor
27 Hospital Road
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
HIGHBRIDGE LONG/SHORT EQUITY FUND, L.P.
---------------------------------------
c/o Highbridge Capital Management, LLC
40 West 57th Street, 33rd Floor
New York, New York 10019
Citizenship: State of Delaware
HIGHBRIDGE LONG/SHORT EQUITY FUND, LTD.
---------------------------------------
c/o Harmonic Fund Services
The Cayman Corporate Centre, 4th Floor
27 Hospital Road
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
HIGHBRIDGE LONG/SHORT INSTITUTIONAL FUND, LTD.
----------------------------------------------
c/o Harmonic Fund Services
The Cayman Corporate Centre, 4th Floor
27 Hospital Road
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
TRITON 245 LTD.
---------------
Cricket Square
Hutchins Drive, P.O. Box 2681 GT
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
HIGHBRIDGE MANAGED PORTFOLIO MASTER, LTD.
-----------------------------------------
Walkers Corporate Services Limited, Walker House
87 Mary Street
George Town, Grand Cayman KY1-9005, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
CUSIP No. 70931T103 13G/A Page 12 of 16 Pages
HIGHBRIDGE LONG-TERM EQUITY MASTER FUND, L.P.
---------------------------------------------
40 West 57th Street, 33rd Floor
New York, NY 10019
Citizenship: State of Delaware
HIGHBRIDGE CAPITAL MANAGEMENT, LLC
----------------------------------
40 West 57th Street, 33rd Floor
New York, New York 10019
Citizenship: State of Delaware
GLENN DUBIN
-----------
c/o Highbridge Capital Management, LLC
40 West 57th Street, 33rd Floor
New York, New York 10019
Citizenship: United States
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
As of December 31, 2009, (i) Highbridge International LLC beneficially
owned 819,469 Common Shares, (ii) Highbridge Long/Short Equity Fund, L.P.
beneficially owned 131,461 Common Shares, (iii) Highbridge Long/Short Equity
Fund, Ltd. beneficially owned 266,445 Common Shares, (iv) Highbridge Long/Short
Institutional Fund, Ltd. beneficially owned 63,969 Common Shares, (v) Triton 245
Ltd. beneficially owned 22,270 Common Shares (vi) Highbridge Managed Portfolio
Master, Ltd. beneficially owned 32,610 Common Shares, (vii) Highbridge Long-Term
Equity Master Fund, L.P. beneficially owned 17,776 Common Shares and (viii) each
of Highbridge Capital Management, LLC and Glenn Dubin may have been deemed the
beneficial owner of the 1,354,000 Common Shares beneficially owned by Highbridge
International LLC, Highbridge Long/Short Equity Fund, L.P., Highbridge
Long/Short Equity Fund, Ltd., Highbridge Long/Short Institutional Fund, Ltd.,
Triton 245 Ltd., Highbridge Managed Portfolio Master, Ltd. and Highbridge
Long-Term Equity Master Fund, L.P.
Highbridge Capital Management, LLC is the trading manager of Highbridge
International LLC, Highbridge Long/Short Equity Fund, L.P., Highbridge
Long/Short Equity Fund, Ltd., Highbridge Long/Short Institutional Fund, Ltd.,
and Highbridge Long-Term Equity Master Fund, L.P. Highbridge Capital Management,
LLC is an advisor to Triton 245 Ltd and Highbridge Managed Portfolio Master,
Ltd. Glenn Dubin is the Chief Executive Officer of Highbridge Capital
Management, LLC. The foregoing should not be construed in and of itself as an
admission by any Reporting Person as to beneficial ownership of Common Shares
owned by another Reporting Person. In addition, each of Highbridge Capital
Management, LLC and Glenn Dubin disclaims beneficial ownership of Common Shares
held by Highbridge International LLC, Highbridge Long/Short Equity Fund, L.P.,
Highbridge Long/Short Equity Fund, Ltd., Highbridge Long/Short Institutional
Fund, Ltd., Triton 245 Ltd., Highbridge Managed Portfolio Master, Ltd. and
Highbridge Long-Term Equity Master Fund, L.P.
(b) Percent of class:
The Company's Quarterly Report for the quarterly period ended September
30, 2009, filed on Form 10-Q on November 6, 2009, indicates that as of November
CUSIP No. 70931T103 13G/A Page 13 of 16 Pages
5, 2009, there were 16,735,317 Common Shares issued and outstanding. Therefore,
as of December 31, 2009, based on the Company's outstanding Common Shares (i)
Highbridge International LLC may have been deemed to beneficially own 4.90% of
the outstanding Common Shares of the Company, (ii) Highbridge Long/Short Equity
Fund, L.P. may have been deemed to beneficially own 0.79% of the outstanding
Common Shares of the Company, (iii) Highbridge Long/Short Equity Fund, Ltd. may
have been deemed to beneficially own 1.59% of the outstanding Common Shares of
the Company, (iv) Highbridge Long/Short Institutional Fund, Ltd. may have been
deemed to beneficially own 0.38% of the outstanding Common Shares of the
Company, (v) Triton 245 Ltd. may have been deemed to beneficially own 0.13% of
the outstanding Common Shares of the Company, (vi) Highbridge Managed Portfolio
Master, Ltd. may have been deemed to beneficially own 0.19% of the outstanding
Common Shares of the Company, (vii) Highbridge Long-Term Equity Master Fund,
L.P. may have been deemed to beneficially own 0.11% of the outstanding Common
Shares of the Company and(viii) each of Highbridge Capital Management, LLC and
Glenn Dubin may have been deemed to beneficially own 8.09% of the outstanding
Common Shares of the Company. The foregoing should not be construed in and of
itself as an admission by any Reporting Person as to beneficial ownership of
Common Shares owned by another Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
See Item 4(a)
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
See Item 4(a)
Exhibits:
Exhibit I: Joint Filing Agreement, dated as of February 12, 2010, by and among
Highbridge International LLC, Highbridge Long/Short Equity Fund, L.P.,
Highbridge Long/Short Equity Fund, Ltd., Highbridge Long/Short Institutional
Fund, Ltd., Triton 245 Ltd., Highbridge Managed Portfolio Master, Ltd.,
Highbridge Long-Term Equity Master Fund, L.P., Highbridge Capital Management,
LLC and Glenn Dubin.
CUSIP No. 70931T103 13G/A Page 14 of 16 Pages
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information with respect to it set
forth in this statement is true, complete, and correct.
Dated: February 12, 2010
HIGHBRIDGE CAPITAL MANAGEMENT, LLC HIGHBRIDGE INTERNATIONAL LLC
By: Highbridge Capital Management, LLC
its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE LONG/SHORT EQUITY FUND, HIGHBRIDGE LONG/SHORT EQUITY FUND,
L.P. LTD.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE LONG/SHORT INSTITUTIONAL TRITON 245 LTD.
FUND, LTD.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Advisor
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE MANAGED PORTFOLIO MASTER, HIGHBRIDGE LONG-TERM EQUITY MASTER
LTD. FUND, L.P.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Advisor its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
/s/ Glenn Dubin
----------------------------------
GLENN DUBIN
CUSIP No. 70931T103 13G/A Page 15 of 16 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Common
Shares, $0.01 par value, of PennyMac Mortgage Investment Trust, is being filed,
and all amendments thereto will be filed, on behalf of each of the persons and
entities named below in accordance with Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated as of February 12, 2010
HIGHBRIDGE CAPITAL MANAGEMENT, LLC HIGHBRIDGE INTERNATIONAL LLC
By: Highbridge Capital Management, LLC
its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE LONG/SHORT EQUITY FUND, HIGHBRIDGE LONG/SHORT EQUITY FUND,
L.P. LTD.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE LONG/SHORT INSTITUTIONAL TRITON 245 LTD.
FUND, LTD.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Advisor
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE MANAGED PORTFOLIO MASTER, HIGHBRIDGE LONG-TERM EQUITY MASTER
LTD. FUND, L.P.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Advisor its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
---------------------------------- ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
CUSIP No. 70931T103 13G/A Page 16 of 16 Pages
/s/ Glenn Dubin
----------------------------------
GLENN DUBIN