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Oh get with the times already. That article is based on a Bloomberg article that had no evidence behind it, and we have known this for a long time.
Tim Howard rebutted this particular myth over 9 years ago.
Here is a Yahoo Finance link to the closing price for those two dates for FNMAS.
It went from $2.35 to $1.05 for a loss of $1.30 per share.
The plaintiffs sought a total of $1.6B before pre-judgment interest, which is the total share value lost by all preferred series and FMCC combined. It came out to about $760M for the Fannie juniors and $780M for the Freddie juniors.
However, the jury only awarded $299.4M of the $760.44M that the plaintiffs sought, so prorating that for FNMAS gives $1.30 * $299.4M / $760M = $0.51 per share.
Fannie juniors were awarded pre-judgment interest at 5.75% simple. As of today it has been roughly 11.33 years since the NWS was signed, so $0.51 * (1 + 0.0575 * 11.33) = $0.84. That's a bit less than the $0.85 I quoted, probably because I think I used 12 years of pre-judgment interest in past calculations because I don't expect any money to actually be paid until appeals have been exhausted, and we're at least 8 months away from that.
You can run the same calculations for any Fannie series by replacing FNMAS with some other series name in that Yahoo Finance URL.
For Freddie, replace the FNMAS in the URL, multiply by $281.M and divide by $780M to prorate the jury award, and don't add pre-judgment interest.
The plaintiffs had asked for $1.6B plus pre-judgment interest. The $1.6B was the total amount all share prices dropped (all Fannie juniors, all Freddie juniors, FMCC) from the close on the day before the NWS was signed (August 16 2012) to the close on the day it was signed (August 17 2012).
The jury only awarded $612M. If you prorate that to all the series then:
Fannie 50s get around $1.30 per share
Fannie 25s get $0.70-0.90 (FNMAT gets $0.90, FNMAS $0.85, other 25s get low $0.70s)
Freddie 25s get $0.35-0.65 (FMCKJ gets $0.65, FMCKN gets $0.35, other series are in the $0.40s)
Freddie 50s get $0.62-$0.97 (FREJP gets $0.97, FMCKP and FMCCP get $0.89, most other series are in the $0.60-0.70 range)
FMCC gets about $0.05
All those numbers are after pre-judgment interest (for Fannie juniors) but before any lawyers' fees, which I estimate to be around 25%.
Of course, there is little point in speculating right now because we will see the plaintiffs' own allocation numbers on Thursday when they have to submit those numbers to Lamberth.