Fannie Mae-No Politics (FNMA)

[Donotunderstand]

sure
no divvys for common unless any preferred are paid in full

but my point was about value of preferred stock in a liquidation or 11

since it is equity it is not on the payment waterfall - other than as a foot note that if money is left it then goes to preferred

And how much would be available after debt and other higher obligations are met - will depend on the value of F and F assets which will fall in value if interest rates skyrocket

so no one knows if preferred have any liquidation value as bonds must be paid 100% first - from what may be a fire sale of assets

all super hypothetical and not expected