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Freddie Mac, 6.42% Non-Cumulative Perpetual Preferred Stock (FMCCS)

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Last Post: 10/7/2013 12:39:55 PM - Followers: 1 - Board type: Free - Posts Today: 0

Freddie Mac 6.42% fixed rate Non-Cumulative Perpetual Preferred Stock



Freddie Mac, Variable Rate Perpetual Non-cumul Preferred Stock, 2006
Ticker Symbol: FMCCS     CUSIP: 313400715     Exchange: OTCBB
Security Type:   Traditional Preferred Stock

Security's Distribution is Suspended!
 
QUANTUMONLINE.COM SECURITY DESCRIPTION:  Freddie Mac (Federal Home Loan Mortgage Corp.), Variable Rate, Non-Cumulative Perpetual Preferred Stock, liquidation preference $50 per share, redeemable at the issuer's option on or after 6/30/2011 at $50 per share plus declared and unpaid dividends, and with no stated maturity. Variable rate noncumulative distributions will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record as set by the Board which will be 10 to 45 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The initial dividend rate is 6.00% through 9/30/06 with a floor rate of 4.00% per annum. The variable rate will be reset quarterly based on the 3-month LIBOR plus 0.50%. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see the prospectus for further information). The security was rated AA- by S&P and Aa3 by Moody's at the IPO. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the 'Link to IPO Prospectus' provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
OTCBB
Chart
Var Rate 
n.a.
$50.00 
$50.00
6/30/2011 
None
Ca / C 
3/10/12
Suspended!
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes

IPO - 7/12/2006 - 15.00 Million Shares @ $50.00/share.     Link to IPO Prospectus
Previous Ticker Symbol: FRE-S    Changed: 7/07/10
 
Market Value $ 750 Million

Company's Online Information Links
HOME PAGE:      http://www.freddiemac.com/
 
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

 

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

 

Company's Email Address Links
Inv Rel Email Address shareholder@freddiemac.com
General Email Address corprel@freddiemac.com
Email Request Form on Website Goto Email Form

 

Address and Phone Numbers
Address:   8200 Jones Branch Drive, MS 486, McLean, VA 22102
Main Phone Number 703-903-2000
Fax Number 703-903-2759
Investor Relations 703-903-3883
Toll Free Phone Number 800-373-3343
CEO - Richard F. Syron CFO - Anthony "Buddy" Piszel

 


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#9   radiumsoup In your opinion what is the best Fannie dmceng 10/07/13 12:39:55 PM
#8   nvesting Sell Fannie and Freddie Common, Buy the Preferred mlkrborn 03/22/13 12:44:23 PM
#7   Financial Winners & Losers mlkrborn 03/22/13 12:42:26 PM
#6   Financial Services mlkrborn 03/22/13 12:39:36 PM
#5   Financial Winners & Losers mlkrborn 03/22/13 12:35:30 PM
#4   More discussion on the FNMAS Board for pfd betahighlander 03/18/13 06:32:37 PM
#3   Still the best return for Freddie prefs in radiumsoup 09/19/12 02:56:04 PM
#2   This is currently the best prospect among the radiumsoup 06/20/12 11:58:25 AM
#1   Link to prospectus: radiumsoup 06/20/12 11:53:51 AM
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