Freddie Mac, 8.375% Non-Cumulative Perpetual Preferred Stock (FMCKJ)

[betahighlander]

For me it would be world series ring if they paid the divi.

not sure about the unilateral.
see link for how the fixed rate changes to a fixed floor with a variable component as of 12.31.12 this was part of the original issue terms.
One more thing most of the pfd issues can be redeemed at any time now. FMCKJ at least is in 5 year windows. next date 12.31.17

see links- freddie mac site for their pfds

http://www.freddiemac.com/investors/preferred_stock.html


freddie mac site for ckj:

http://www.freddiemac.com/investors/pdffiles/FtFPrefStock-oc.pdf