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Re: Ace Trader post# 767901

Thursday, 09/14/2023 10:19:00 AM

Thursday, September 14, 2023 10:19:00 AM

Post# of 796497
WARRANTS

Can the government exercise its warrants whenever it wants, even if it is disadvantageous to the
companies?

Yes. Treasury can exercise its warrant for up to 79.9% of the common stock of each GSE on a fully diluted basis at
any time during the 20-year life of the warrant.

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-11_SPSPA_FAQ_508.pdf

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