Fannie Mae-No Politics (FNMA)

[jeddiemack]

Sure preferreds might be converted..

Lets see how that might work.

$25 preferred can convert to 1/4 fractional share of common at common valuation of $100 per share fair value of common.

So
$50 preferred can convert to 1/2 fractional share of common at $100 share fair value of common.

Until the value of common reach this price then probably would be better off not converting but holding off, because at some point preferred's will get par value or more based upon the coupon rate once resumed.