FNMFM

Fannie Mae Series E Preferred 5.10%

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FNMFM

Fannie Mae Series E Preferred 5.10%

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Happycoins Free

11/08/19 7:46 AM

Post #55

Preferred senior and junior stocks are going to be safe and should do quite well.
As the stock leaves government control
and goes back in the hands of investor's.
Commons will be wiped out Fannie and Freddie will go into receivership and do a stock offering.
Strange there's not a mad rush for the junior PS .
Some say if the commons are wiped out the preferred juniors will be wiped out.
They are so wrong.
Preferred is Preferred be it senior or junior.
Commons are commons.
All preferred shares will have to be dealt with.
GLTA !!

Happycoins Free

08/29/19 12:44 PM

Post #54

Big news going to hit the wire on
Tuesday Labour Day 2019.
All Fannie and Freddie stock is going to be in investors hands. Prefer stocks will
Probably be converted in to commons.
With a float of just 3 million shares.
And such a safety net being a preferred stock I just had to jump in today.
My average buying price was 19.65

sidedraft

02/27/17 3:09 PM

Post #53

EXCLUSIVE: OBAMA ILLEGALLY ROBBED FANNIE, FREDDIE TO FUND OBAMACARE

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129047982

sidedraft

01/23/14 12:43 PM

Post #52

Serious money:

sidedraft

10/16/13 11:58 AM

Post #51

I still think that FNMFO is a good guide to the worth of this one.

Yesterday someone bought $378,000.00 of FNMFO in one buy, that's 18% of it's face value.

I'm up over 500% on this one, but better day are ahead.

sidedraft

09/16/13 10:54 AM

Post #50

FNMFM is no longer the most expensive $50 preferred. Seems like the other $50 preferreds have been deemed to be worthy of a higher PPS recently.

sidedraft

08/18/13 1:30 PM

Post #49

Re: #48: @philipmax - Sounds like a prudent maneuver. I hope that

Well not at the top, but looking back, I was lucky:

Date Open High Low Close Volume Adj. Close
2013/05/29 20.00 28.10 11.59 15.10 66,924 15.10

philipmax

08/18/13 1:22 PM

Post #48

Re: #47: @sidedraft - I sold 1/4 of what I owned for

Sounds like a prudent maneuver. I hope that you will have good health to see the heaven part and the time to enjoy the fruits of your your labors.

Looks like you sold at the top.

sidedraft

08/18/13 12:50 PM

Post #47

Re: #46: @philipmax - I want to welcome you back.

I sold 1/4 of what I owned for a nice profit at about $20 per share, but the remaining 3/4 will sit until the heavens part.

philipmax

07/03/13 2:23 PM

Post #46

Re: #44: @sidedraft - Not possible for me to do this week,

I want to welcome you back.

I hope you are "wide eyed and bushy tailed" for this drama.

Have a great 4th and get back to us soon.

Phil

ashy2classy Free

06/27/13 12:04 PM

Post #45

Anyone around these days??? Grabbed a few this morning on the dip...

sidedraft

06/19/13 11:19 PM

Post #44

Re: #43: @philipmax - Well...sidedraft, did Fidelity let you purchase?

Not possible for me to do this week, other issues taking up my time.

philipmax

06/19/13 10:35 PM

Post #43

Re: #42: @sidedraft - Thanks for the tip, I'll give that a

Well...sidedraft, did Fidelity let you purchase?

sidedraft

06/17/13 10:19 PM

Post #42

Re: #41: @philipmax - Hi sidedraft,

Thanks for the tip, I'll give that a try tomorrow.

philipmax

06/17/13 10:16 PM

Post #41

Re: #40: @sidedraft - My shares went long today, so I was

Hi sidedraft,

In April, I tried to buy more pfd thru Fidelity. Every day for three weeks I entered my buy orders only to be rebuffed by a notice to call in. When I would call, the line was always "not available for you to purchase" with some lame excuse about "protecting me". Yeh, sure, like they "protected" me from C, LEH, WAMU and AIG when they were falling like a rock.
The PFDs were racing from $3.50 to $5.50 and I was locked out. Finally, one rep sent me to FIXED INCOME DESK, and, voila, they were very happy to take my orders. So that's the ticket. Good luck.

sidedraft

06/17/13 10:02 PM

Post #40

Re: #39: @philipmax - Fannies PFD FNMFM

My shares went long today, so I was going to sell all and buy different ones with more bank for the buck. I tried to buy at Fidelity and the two that I tried to buy were not available for online buys, sell were OK online. Have online buying restrictions been in force for a long time?

philipmax

05/30/13 10:23 PM

Post #39

Re: #38: @sidedraft - Just for comparison, which tickers are you talking about?

Fannies PFD FNMFM
Freddy PFD FMCKJ

Best regards,
Phil

sidedraft

05/30/13 10:03 PM

Post #38

Re: #37: @philipmax - Hi sidedraft (from another HUB world).

Just for comparison, which tickers are you talking about?

Whereas these are perpetual, the Freddie PFD were recently reclassified as callable and the rate of payout was indexed to a formula using LIBOR 3 mos. rate plus 6.4% or 7.875% whichever is higher.

philipmax

05/30/13 9:48 PM

Post #37

Re: #33: @sidedraft - Is there something special about this $50 preferred?

Hi sidedraft (from another HUB world).

This is my understanding of the $50 5.10% Fanny Mae preferred. The reason these have a higher value is, of course their $50.00 PFD liquidation value.If and when dividends are reinstated, a great possibility given the earning power, the dividend payout will be $2.55 per annum. At $15.00 PPS this will equal to 19.6% return.
Secondly,
Whereas these are perpetual, the Freddie PFD were recently reclassified as callable and the rate of payout was indexed to a formula using LIBOR 3 mos. rate plus 4.61% or 7.875% whichever is higher. Once you start playing with terms of corporate issued securities, the company enters a slippery slope of possibly extinguishing its value. The Freddies $25 callable 7.875% priced at ~$6.50 will yield 31% at current price were they to recommence PFD Dividends.
Please note that neither security is cumulative.

Nice to see familiar faces.

diddles

05/28/13 10:05 AM

Post #36

Re: #35: @adeezl - no volume here, this could be like 10

volume is low but also not so volatile

adeezl

05/27/13 10:14 PM

Post #35

Re: #31: @sidedraft - I don't see the reason for FM being

no volume here, this could be like 10 people bidding this up. There's virtually no interest

sidedraft

05/20/13 11:07 AM

Post #34

Re: #33: @sidedraft - Is there something special about this $50 preferred?

Right now, at $10.60 this stock is the only $50 Fannie Mae preferred over $9.00.

I think I am in the right place.

sidedraft

05/06/13 2:54 PM

Post #33

Re: #32: @sidedraft - Weird, this one is almost always above any

Is there something special about this $50 preferred? ASK = $9.00

sidedraft

04/10/13 12:00 AM

Post #32

Re: #31: @sidedraft - I don't see the reason for FM being

Weird, this one is almost always above any other $50 Fannie Mae preferred.
Today's HOD was $9.85.

sidedraft

03/21/13 1:27 PM

Post #31

Re: #30: @robigus - Why would the price on this be so

I don't see the reason for FM being higher than FN. There is something about the FM that keeps it from having MM lite up, but what?

robigus

03/21/13 12:55 PM

Post #30

Re: #29: @sidedraft - Not a bad day, so far:

Why would the price on this be so high and FNMFN is so much lower?

EDIT: Maybe because of this article,

http://www.thestreet.com/story/11876299/1/sell-fannie-and-freddie-common-buy-the-preferred.html?puc=yahoo&cm_ven=YAHOO

"Going back to our preferred stock examples, it's obvious that new investors can make quick gains if the shares go up, but what about the income? If the dividend were resumed on Fannie Mae's preferred series E shares, investors would receive annual income of $2.55 a share. That would be a pretty fat yield 36.48% for investors who went in Wednesday at $6.99 a share."

sidedraft

03/21/13 11:32 AM

Post #29

Not a bad day, so far:

sidedraft

03/20/13 11:31 AM

Post #28

Re: #27: @sidedraft - One transaction, 47,250 shares at $5.02. Still

Up to $7.00, still lots to go.

sidedraft

03/18/13 12:47 PM

Post #27

One transaction, 47,250 shares at $5.02. Still a lot to go, to get to $50.00.

sidedraft

03/14/13 11:02 PM

Post #26

Maybe $5 tomorrow morning?

sidedraft

03/08/13 3:34 PM

Post #25

There is a guy with style, buys 10,373 shares @ $3.25.

sidedraft

03/02/13 12:09 AM

Post #24

With the venue change as of today, maybe the price she rise?

http://ih.advfn.com/p.php?pid=nmona&article=56529607&symbol=FNMFM

sidedraft

02/21/13 1:57 PM

Post #23

Lot of green today across Fannie Mae land, but being on the greys sure has it's drawbacks.

sidedraft

01/23/13 3:28 PM

Post #22

On September 7, 2008, the Federal Housing Finance Agency, as Conservator of Fannie Mae, announced that Fannie Mae would not pay any dividends on common stock or on any series of outstanding preferred stock (other than the Variable Liquidation Preference Senior Preferred Stock, Series 2008-2).
Additionally, the Senior Preferred Stock Purchase Agreement prohibits the payment of dividends on all common and preferred stock (other than the senior preferred stock) without the prior consent of the United States Department of the Treasury.
For reference purposes only, the dividend rates on Fannie Mae’s outstanding preferred stock for the first quarter of 2013 are as follows:

http://www.fanniemae.com/resources/file/ir/pdf/stock-info/dividend_statement_rate_reset_123112.pdf

sidedraft

01/23/13 3:11 PM

Post #21

Since Nov. 16, 2012, $1.60. Shows how the greys are not for trading.

sidedraft

01/08/13 2:38 PM

Post #20

Wow, a BID and an ASK:

sidedraft

12/13/12 10:19 PM

Post #19

Being on the greys is such fun...

sidedraft

11/06/12 10:40 AM

Post #18

That's where it should be!
Two trades for $820,944.00

sidedraft

11/02/12 11:38 PM

Post #17

Re: #16: @sidedraft - Current PPS is still $0.48, but finally showing

Looks like no one wants to part with any shares, even for $1.01.

sidedraft

10/23/12 11:34 AM

Post #16

Current PPS is still $0.48, but finally showing an ASK this morning - - $2.20.

B/A .80/2.20

sidedraft

10/16/12 2:39 PM

Post #15

Has anyone seen any good news? This is unusual:

sidedraft

09/30/12 3:51 PM

Post #14

Gee, being on the greys is just so exciting..........

sidedraft

08/17/12 12:22 PM

Post #13

All that Treasury wants is every penny of profit:

http://www.usatoday.com/money/economy/housing/story/2012-08-17/fannie-mae-freddie-mac-bailout-deal-change/57115448/1

sidedraft

08/15/12 1:34 PM

Post #12

Showing . . . . . . . LAST - - BID - - ASK

sidedraft

08/09/12 3:26 PM

Post #11

Well, having the lowest O/S, only 3,000,000, and being on the greys, really puts this one at a disadvantage.

sidedraft

08/08/12 9:39 AM

Post #10

Which one is way underpriced?

sidedraft

07/25/12 11:40 AM

Post #9

Re: #8: @sidedraft - Barometer on the rise:

FNMFO not a good barometer, looking at very low volume. One share trade leaves the PPS at $2551.00

sidedraft

07/20/12 11:30 AM

Post #8

Re: #4: @sidedraft - As a barometer, FNMFO is up $50 today

Barometer on the rise:

FNMFO $4,750.00, up from $3,850.00 on the 13th.

sidedraft

07/18/12 10:43 AM

Post #7

FNM preferreds are all green or flat today, look nice.

sidedraft

07/07/12 10:28 PM

Post #6

Back on July 2, someone thought that the shares were worth $2.00, and there we sit.

Older

Fannie Mae Series E Preferred 5.10% (FNMFM)

Followers	6	Posters	7
Posts (Today)	0	Posts (Total)	55
Created	05/23/12	Type	Free
Moderators

Fannie Mae, 5.10% Non-Cumulative Preferred Stock, Series E
Ticker Symbol: FNMFM CUSIP: 313586604 Exchange: OTCBB
Security Type: Traditional Preferred Stock

O/S = 3,000,000

Security's Distribution is Suspended!

Fannie Mae (Federal National Mortgage Assoc.), 5.10% Non-Cumulative Preferred Stock, Series E, liquidation preference $50 per share, redeemable at the issuer's option on or after 4/15/2004 at $50 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 5.10% ($2.55) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 45 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). 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. 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.

http://www.fanniemae.com/global/pdf/ir/resources/preferred/seriese.pdf