Fannie Mae (FNMA)

[jeddiemack]

Okay,

To C'Bull and the other fellow "don't understand dude" ...

My horrible bad.

I totally muffed this one.

While the Director can opt not to have the dividend declared and thus its not payable in the current quarter, however, and here is where i muffed....

Assets not given to the treasury for this stupid crock o shet dividend nonsense stay with the company and are carried on the balance sheet to the next quarter and the next "date of determination" and thus while not cumulative in the normal sense of typical preferred dividends, but because it constitutes assets... its, effectively cumulative, tho not due until "declared".

So, in a sense I was wrong. Although right in another and wrong for the wrong reason.


duh!