Fannie Mae-No Politics (FNMA)

[The Man With No Name]

So you are saying JPS will be redeemed (a taxable event) instead of converted (a non-taxable event)?

Nope. I'm saying it doesn't matter. I consider redemption at a slim to none chance, basically the same chance as Treasury writing off the SPS for nothing in exchange.

What I'm saying is that post-conversion, which would mean a release happened, the newco shares would be sold by the former JPS holders. I'm not holding this crap for one second longer than I have to. I'm sure a lot others will do the same. Even if it took a year or more, what difference does it make? Treasury still gets paid more than enough in cap gains to offset any damage award to legacy commons.