Fannie Mae Preferred S (FNMAS)

[mrfence]

The actual fact is 1 common $FNMA~ $FMCC~ will equal 13 FNMAS. This article spotlights the historical preferred holders confusion.

Bove ... doesn't expect the junior preferred shares to be converted into common shares or full payment of par value on preferreds... https://www.valuewalk.com/2020/07/fannie-mae-junior-preferred-shares

Dick Bove of Odeon Capital was a staunch supporter of the JPS position until July 2020. He now understands the limits of a JPS investment and that FNMA commons will out perform all JPS.

Every day's a Great Day to sell preferred issues such as $FNMAS~ and rotate to common $FNMA~ $FMCC~ CHEERS!