September 26, 2022
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BlackRock shifts PennyMac stake to charitable entities

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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…

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