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Re: hnstabe post# 354518

Thursday, 09/29/2016 10:15:12 PM

Thursday, September 29, 2016 10:15:12 PM

Post# of 796682
Non cumulative only means prior dividends that were omitted don't have a tier payment system where preferred get paid before commons. The dividends for the GSEs were not omitted, instead they were misappropriated all to treasury. Going forward if dividends were reinstated for all shareholders, preferred would be paid before common.
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