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BlackRock Converts Stake in Affiliate of PennyMac Into Shares

The deal leaves BlackRock with 13.8 million stock units in Private National Mortgage Acceptance Co. that can also be converted into shares in PennyMac Financial.

Traders Magazine Online News, March 3, 2014

Jody Shenn

The deal leaves BlackRock with 13.8 million stock units in Private National Mortgage Acceptance Co. that can also be converted into shares in PennyMac Financial.

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