Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Pfds.callable. Should be canceled

They certainly can be cancelled for face value....which is what makes them callable.

"Fannie Mae, Variable Rate Non-Cumulative Preferred Stock, Series P, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/30/2012 at $25 per share plus declared and unpaid dividends, and with no stated maturity."