Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Thanks. We agree on both fronts.

I imagine the conversion rate has to be highly attractive considering the Contract Claims in front of Lamberth.

I'm expecting at least 100% of Par unless they're Converted at a significant discount to the price of Commons.

Although, I'm inclined to believe we will see closer to 125% of Par to "make us happy" and get the deal done quickly.

#JPSFTW