Fannie Mae-No Politics (FNMA)

[Latergater]

Probably half are 1/5 of par. You are looking at the high yield ones which go at a premium in case of a ruling granting past dividends and an 8%+ return in this market is very attractive.

Not only that but common still have to worry about warrants, pfd conversion and more dilution in order to be capitalized since this needs to be done by the end of Trumps first term.