InvestorsHub Logo
Followers 18
Posts 4437
Boards Moderated 0
Alias Born 03/02/2018

Re: kthomp19 post# 634045

Thursday, 09/24/2020 6:08:18 PM

Thursday, September 24, 2020 6:08:18 PM

Post# of 797185

Citi's conversion offer was at a ratio 3x greater than the market ratio the day before, and this happened under a BOD that did have a fiduciary duty to shareholders.


These are important Facts for FNMA to consider.

A Board of Directors with fiduciary duty to shareholders went ahead and offered their Preferred holders a juicy conversion.

I would expect the same here considering the GSEs have no fiduciary duty. Maybe the Conversion Terms will be even better than the Citi holders got?


Bove:


Congressional Budget Office: