Westlake Village-based PennyMac Financial Services announced Feb. 13 that investor BlackRock is divesting its remaining 20 percent ownership of the company. The shares were gifted to two charitable entities, the Blackrock Charitable Fund and The Blackrock Foundation. Subsequently, the Blackrock Charitable Fund sold 7.8 million shares of PennyMac Financial Services common stock in an unregistered…
This article is only available to Business Times subscribers
Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
