Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Until then - enjoy your understanding --- it does not mean anything but who knows - you may be right --- but no one knows until the shares are called in under the prospectus

ANYONE - HAVE A PROSPECTUS? ---- WHAT DOES IT SAY ABOUT CALL ?
Again - 90% can be called after 5 years at any time (likely a dividend date) --- Does the prospectus use the words redemption value - or liquidation value - or PAR value ?????????????

They all use pretty much the same language as this in red:


"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."