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Re: Guido2 post# 622354

Thursday, 07/23/2020 11:37:56 PM

Thursday, July 23, 2020 11:37:56 PM

Post# of 798199
It's hard to sell new Preferreds without paying Dividends to existing ones.

And now you see the predicament for FNMA.

If they want to sell new Jr. Preferreds, then either existing JPS get Converted to Commons OR they get Dividends wink