Sec Form 13G Filing - KURLAND FAMILY INVESTMENTS LLC filing for PennyMac Financial Services Inc. (PFSI) - 2021-02-16

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Name of Issuer)

(Title of Class of Securities)

70932M107

(CUSIP Number)

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 ( “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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Item 1.

(a)                       Name of Issuer

PennyMac Financial Services, Inc.

(b)                       Address of Issuer’s Principal Executive Offices

3043 Townsgate Road, Westlake Village, CA 91361

Item 2.

(a)                       Name of Person Filing:

This Schedule 13G is filed by Kurland Family Investments, LLC (the “Family LLC”) and Shelia Kurland (“Ms. Kurland” and, together with the Family LLC, the “Reporting Persons”) pursuant to a Joint Reporting Agreement, a copy of which is attached as Exhibit 99.1 hereto.  Ms. Kurland is the sole manager of the Family LLC and, in that capacity, may be deemed to be the beneficial owner of the shares of common stock of the Issuer held by the Family LLC.  Ms. Kurland is also the sole trustee of the 1998 Kurland Family Revocable Trust (the “Family Trust”) and, in that capacity, may be deemed to be the beneficial owner of the 115,544 shares of common stock of the Issuer held by the Family Trust as of December 31, 2020.  Ms. Kurland disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

(b)                       Address of Principal Business Office or, if none, Residence

3043 Townsgate Road, Westlake Village, CA 91361

(c)                        Citizenship

The Family LLC is a limited liability company organized under the laws of California and Ms. Kurland is a citizen of the United States.

(d)                       Title of Class of Securities:

Common Stock, par value $0.0001 per share

(e)                        CUSIP Number

70932M107

Item 3.     If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not Applicable

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Item 4.     Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

I.           Ms. Kurland

(a)                      Amount Beneficially Owned:

7,742,534

(b)                      Percent of Class:

10.7%

(c)                       Number of shares as to which such person has:

(i)                          Sole power to vote or to direct the vote.

7,742,534

(ii)                       Shared power to vote or to direct the vote.

0

(iii)                    Sole power to dispose or to direct the disposition of.

7,742,534

(iv)                   Shared power to dispose or to direct the disposition of.

0

II.        The Family LLC

(a)                      Amount Beneficially Owned:

7,626,990

(b)                      Percent of Class:

10.5%

(c)                       Number of shares as to which such person has:

(i)                           Sole power to vote or to direct the vote.

7,626,990

(ii)                       Shared power to vote or to direct the vote.

0

(iii)                    Sole power to dispose or to direct the disposition of.

7,626,990

(iv)                   Shared power to dispose or to direct the disposition of.

0

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Item 5.     Ownership of Five Percent or Less of a Class

Not Applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

Item 7.     Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not Applicable.

Item 8.     Identification and Classification of Members of the Group

Not Applicable.

Item 9.     Notice of Dissolution of Group

Not Applicable.

Item 10.   Certification

Not Applicable.

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SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct.

Dated:  February 16, 2021

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