Exhibit 99.1
JOEL S. MARCUS
P.O. BOX 2807
BEVERLY HILLS, CA 90213
August 7, 2012
Mr. Stanford L. Kurland
Chairman/CEO
PennyMac Mortgage Investment Trust
6101 Condor Drive
Moorpark, CA 93021
RE: PennyMac Mortgage Investment Trust (“PennyMac”)
Dear Stan:
This letter will represent my resignation from the Board of Directors and Committees of PennyMac effective immediately.
I have taken on numerous life science board roles and that is where my passion lies. Thank you and best wishes.
| Respecfully, | |
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| /s/ Joel S. Marcus | |
| Joel S. Marcus | |
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cc: | Mr. Randall D. Hadley |
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