Fannie Mae Preferred S (FNMAS)

[YanksGhost]

This a part of a trend towards JPS hemorrhaging. Commons gathering momentum as recap and release under Otting and then Calabria seems to favor a capital build out over a period of time while preferred dividends remain suspended. So... the FNMAS, FNMAT and other S/P's retreat back to the "Two Buck Chuck" level where they can be expected to vegetate for the next, say, five years or more.

Common shares rule. Preferred shares are for widows and girlie men.

This is The New Normal for GSE investors.