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» BlackRock Moves Large Stake in PennyMac to Charities (IMT)
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BlackRock Moves Large Stake in PennyMac to Charities (IMT)
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$55.00
Inside Mortgage Trends
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BlackRock transferred $589 million of stock in PennyMac Financial Services, accounting for a 20% stake in the lender, to two of its affiliated charitable entities. BlackRock initially invested $34 million in PennyMac in 2008.
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