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navycmdr

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navycmdr

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Monday, 03/26/2018 5:03:25 PM

Monday, March 26, 2018 5:03:25 PM

Post# of 17746
Ackman adds to preferred bets on GSEs

https://seekingalpha.com/news/3341611-ackman-adds-preferred-bets-gses?app=1&uprof=44&utoken=7020ca1ebc2c7e8054c094f37330d9ac#email_link

Mar. 26, 2018 12:35 PM ET ... By: Stephen Alpher, SA News Editor

-- Pershing Square says its preferred investment in Fannie Mae & Freddie Mac now amounts to 21% of its total investment in the two GSEs.

-- The preferred stake is a hedge in case a Frannie resolution favors the preferred vs. the common shares, says Pershing.

-- Source: Bloomberg
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