Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Exactly as we've been saying. Pref's stay as prefs. No conversion, no split to benefit them, no par or dividend. ...at least until the companies are out of the woods. If that is 2, 3, 4, 5, years then that is how it goes.
Yes, commons get no dividends either but we have direct benefit of stock appreciating.

If pref's were illiquid before, my guess is they become even more so if this is drug out.