Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Without disclosing confidential information, the synopsis is basically:

They are expecting Warrants to be exercised this summer. Then all Jr. Preferreds Converted to Commons. Uplist in late Q3 or early Q4. Capital Raise shortly thereafter or possibly simultaneously with up-listing. Existing Commons to end up with less than 4% ownership of the GSEs.

JPS back-dividends to likely be factored into Conversion Proposal. Anyone that bought Commons after Conservatorship (2008) aren't entitled to anything.

All Lawsuits settled, no new lawsuits can be filed as part of the settlements. Treasury will deal with Washington Federal separately.

AJ Summary: Better start those lawsuits ASAP